Sony is in trouble, and it is very deep trouble. For the fiscal year ending March 31, the conglomerate lost more than $1 billion on $79 billion in revenue. Sales were down by over 12%Nearly every segment of Sony’s business did poorly. Revenue in its huge electronics division dropped 17%. The LCD TVs, PCs, and video cameras that it manufactures and markets have come under intense price pressure. TVs are close to being a commodity and almost every large consumer electronics firm is in the flat panel screen business.
Sony is a big conglomerate and highly diversified. The one and only business which is not directly related to Sony's core business is their movie studios. Due to ongoing troubles and declining revenues Sony is thinking of selling its movie division and invest that money back into its core businesses.
share price : 27.71
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