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Gettin’ Tough Out There – Sony Cuts Net Profit Outlook for Current Fiscal Year

August 2, 2022 by Ted Leave a Comment

Sony PlayStation 5 games

Late last week, Sony Group announced that they were cutting their net profit forecast for the current fiscal year, fiscal 2022 which ends March 2023. Why are they trimming their profit expectations? It appears that Sony is experiencing its version of a post-COVID Peloton/Netflix sales decline as video game sales are weakening and its costs related to a recent acquisition are rising.

See more on the declining profit forecast at Sony

[Read more…] about Gettin’ Tough Out There – Sony Cuts Net Profit Outlook for Current Fiscal Year

Filed Under: Asian Connection, Financial, Management, Manufacturers, News, Strategy Tagged With: forecast, PlayStation, profits, Sony Group

Samsung & LG Outline Aggressive TV Biz Growth Plans

February 9, 2012 by tjgreen82 Leave a Comment

<February 8, 2012> Samsung Electronics Co. and LG Electronics, Inc. plan to launch aggressive expansion of their flat panel television divisions in 2012, according to a new report in the Nikkei. And these aggressive plans contrast sharply with those of Japanese television manufacturers, who are looking for ways to cut their overhead in a search for profitability. [Read more…] about Samsung & LG Outline Aggressive TV Biz Growth Plans

Filed Under: Asian Connection, Brands, Industry Trends, Manufacturers, News, Strategy, Tech Trends Tagged With: 3D, apps, China, downloading, economies of scale, factories, flat-panel, Japanese, LG, Mexico, Nikkei, OLED, outsourcing, overhead, Panasonic, production, profits, red ink, Samsung, Slovakia, Sony, South Korea, TV makers, TVs, Vietnam

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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