Sony Says Not Leaving US Plasma TV Market
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Sony Corp. (6758.T: Quote, Profile, Research) on Wednesday said it had no plans to abandon the market for plasma-screen television sets in the United States in the near term, though
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Sony has denied reports it is to cease making plasma televisions to concentrate instead solely upon LCD (liquid crystal display) models.
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Despite analyst claims that it would fall short of its shipment goals for the year, Sony said Wednesday that it still plans to ship 1 million PlayStation 3 consoles to the US before the end of the year.
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JAPANESE giant Sony has denied a report it plans to withdraw from the plasma television business but said its priority in flat-panel TVs remains in liquid crystal display (LCD) sets.
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Sony Corp. plans to retreat from the plasma television business and focus its efforts in the flat-screen TV market on liquid crystal display and rear-projection models, the Nihon Keizai newspaper reported on Monday.
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Sony Corp. (6758.T) on Wednesday said it had no plans to abandon the market for plasma-screen television sets in the United States in the near term, though it did not say specifically what its intentions were internationally.
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RIP RPT Sony has decided to drop its rear-projection TV business worldwide in order to focus instead on two flat-panel technologies - liquid crystal display (LCD) and organic light-emitting diode (OLED).â¦
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So-called a la carte pricing in the US pay television service industry would not lower most consumers&#39; bills, the Federal Communications Commission reports.
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Philips did not on Monday rule out a sale of its TV business, which is suffering from low margins, but said it would for now focus on being more selective in what products it offers where.
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A spokesman for Netherlands&#39;electronics company Philips denies an earlier report that Philips will withdraw from the domestic appliances market and transform itself into a manufacturer
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Japanese electronics giant may cease selling plasma TVs.
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Sony Corp. 6758.T on Wednesday  said it had no plans to abandon the market for plasma-screen  television sets in the United States in the near term, though  it did not say specifically what its intentions were  internationally.
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TOKYO - Sony Corp is attempting to claw back market share of the domestic flat-panel TV market with the launch of eight new televisions.
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Sony Corp. said profit from sales of home electronic products won&#39;t improve next quarter because of falling prices for flat-panel televisions and slumping demand for audio products.
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Sony's long-awaited PlayStation 3 console will not be available in Europe until March, the company admits.
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Blog: What did Sony mean when the company said there would be no PlayStation 3 price cut?
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(InfoWorld) - Sony's core electronics business more than doubled profits in the last quarter of 2006, but failed to offset price cuts to itsÂ PlayStation 3 game console, leading to an overall profit decline of just over 5 percent, the company said Tuesday. The company said sales and operating revenue increased 9.8 percent to Â¥2.6 trillion ($21.4 billion) while net profit fell 5.3 percent to Â¥159.9 billion. Sony Computer Entertainment, the division responsible for its PlayStation gaming consoles, was the only one of Sony's main business units that registered a loss in the quarter. It lost Â¥54.2 billion primarily due to the retail price of the more expensive of the two consoles being reduced from a planned Â¥62,790 to Â¥49,980 in Japan. The cut was made, Sony said, due to negative feedback from consumers. Sony's electronics business saw profits more than double to Â¥177.4 billion on 16.9 percent higher sales of Â¥1.9 trillion, the company said. The unit had a generally positive quarter with sales of Bravia LCD (liquid crystal display) televisions and Cybershot digital still cameras increasing. Europe saw the biggest percentage sales jump, up 21 percent, thanks to better LCD TV and Vaio PC sales, while tough competition in the U.S. TV market meant sales there increased by just 3 percent. Sony Pictures returned to profitability as sales there jumped 47 percent, but sales in the financial services division fell 9 percent. Underlining the generally positive results, Sony revised its full-year profit forecast upward for the year to the end of March. It now expects to record a net profit of Â¥110 billion for the year, up from its previous forecast of Â¥80 billion, although still lower than the Â¥124 billion it reported last year. The sales forecast was left unchanged. Sony's mid-term business plan has targeted a profit margin of 5 percent for the coming fiscal year. Sony's electronics business is already meeting its part of the target and will continue to do so next year however the games unit needs to improve, Sony's chief financial officer Nobuyuki Oneda said at a Tokyo news conference on Tuesday. He expects to bring the company's games unit closer to break-even in the second half, he said. Sony will target cost savings in the PlayStation 3 by introducing more advanced chips and consolidating components to reduce the overall number of parts, he said. The company is already on the way to the first of these targets, with the recent start of production of a new version of the Cell processor built with a 65-nanometer production process. The chip in current consoles is built using a 90-nanometer process and the upcoming switch will mean a chip that is 40 percent smaller. Costs will fall in line with the size reduction, Sony said. It did not say when the new chip will appear in consoles. Sony wouldn't provide anyÂ PlayStation 3 shipment estimatesÂ for the coming financial year but said it remains confident it will ship 6 million consoles up to March. It also revised upwards its PlayStation 2 shipment forecast from 11 million units to 13 million units. Sony counts shipments as finished consoles leaving its factory for Sony warehouses and distributors. Oneda ruled out the possibility of further price cuts in the near future, but hinted that this could happen in two or three years' time. Â