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Old 11-01-2012, 07:49 AM
JK98 JK98 is offline
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Default Huge losses at Sharp and Panasonic

Panasonic expects losses of around $9.6 billion this year. Sharp announced they might not survive. Sony is also having huge losses. I guess part of the reason is major market share gains by Samsung(and perhaps LG as well?) in televisions(and perhaps other electronics as well?), as well as a strong yen.

http://finance.yahoo.com/news/sharp-...061902369.html

http://finance.yahoo.com/news/panaso...070802270.html

http://finance.yahoo.com/news/sony-r...062354339.html

Will these companies turn around? Perhaps some of them might merge to be able to better compete against their strong Korean competators?
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