Panasonic Corp., Sony Corp. and Sharp Corp. may cut full-year earnings estimates by a combined 136 billion yen ($1.7 billion) as restructuring costs and falling demand hamper recoveries by Japan's top three TV makers.
Panasonic may post a loss of 24.7 billion yen in the year ending March 31, according to the average of 17 analyst estimates compiled by Bloomberg, compared with its projection for net income of 50 billion yen. Sony's net income may be 5 billion yen, compared with its 20 billion-yen forecast, and Sharp's loss may be 296 billion yen
More Suggested Content:
Hisense Targets Holidays with Google TV Box, New Panels; Shows 4K TV
October 18, 2012
Hisense, the Chinese electronics company which two years ago expanded beyond OEM manufacturing to launch its own brand in the U.S., will step up its product line deployment stateside for the holiday sales season with the availability of the Hisense Pulse with Google TV set-top box that allows viewers to both “smarten” their legacy flat-panel TVs and access any of 2,000 TV-optimized apps from the Google Play store, via a minimally layered interface.
Panasonic Debuts 3D Home Theater Projector
September 13, 2012
Panasonic this week announced the arrival of its new PT-AE8000U full-HD 3D home theater projector. The 1080p projector works in both 2D and 3D.