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Panasonic slumps to $4 billion annual loss
Panasonic Corp. reported a huge $4 billion (378.96 billion yen) loss on Friday for the financial year ended March. This was the first annual financial loss in the past seven years for the company. The Japanese electronics giant, Panasonic sank deep into the red last year after being marred by a stronger yen... »
Sony reports first annual loss in 14 years
Japan’s Sony Corp. has posted its first annual loss in last 14 years on Thursday. The company reported a huge $1 billion (98.94 billion yen) dip in profits for the previous financial year. The recession worldwide plunged sales and has taken a heavy toll on the high-tech giant’s sales as the revenues plunged close to... »
Its Samsung now!
The signals are out and clear. Clearly, the signs of recession are starting to bear down on various big shots. If the first were Sony Corp., LG Electronics Inc., Microsoft and Google Inc., now it’s Samsung! South Korea’s Samsung Electronics, the world’s leading manufacturer of flat screen televisions, memory chips and liquid crystal displays, has... »
Recession envelopes Sony
Expecting a plunge in the global demand owing to the deteriorating economic conditions worldwide, Japanese electronics giant Sony is expecting a loss of nearly USD 3 billion. The estimated loss, Sony’s first in last 14 years, is the biggest ever for the electronics company whose business has been aggravated considerably in the financial year... »
