Sony’s Sales Still Suck
For the seventh quarter in a row, Sony lost money. Never in the history of the company has its outlook been so bleak. In the company’s latest quarterly report, losses amounted to $194 million — that was a few million dollars less than the last quarter — but it’s a loss. It’s in the midst of cutting 10,000 jobs and refocusing the brand on mobile products, but without an iPhone-like or Playstation-3’ish success, we may see the demise of the company.
So far this year, not only have the sales losses mounted, but Sony’s stock has shrunk nearly 35 percent. So, what’s next? Well, don’t discount the possibility of a merger with either Panasonic or Sharp. Oops, maybe I wasn’t supposed to leak that…
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