business

Sony, Panasonic post big profits as turnaround plans take hold

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8 Comments
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Yes, but after the Toshiba affair, how do we really know what is going on.

-3 ( +3 / -6 )

happy to hear, hope economy gets better and more job opportunity

6 ( +6 / -0 )

Good news, but absolutely pale in comparison to the Apple numbers...

2 ( +3 / -1 )

Good news! I echo the above posters sentiments.

1 ( +1 / -0 )

Good news, but absolutely pale in comparison to the Apple numbers...

Precisely. The headline "Sony, Panasonic post big profits as turnaround plans take hold" is incredibly mis-leading. Sony's profit margin was less than 3%. Apple's is about ten times that. Which means that Son'y margin for error going forward is razor thin, and any unexpected down-turn could turn them right back into the red. Plus, Sony cannot posibly compete with the likes of Apple in terms of investing in R&D, so their ability to create truly cutting-edge products is reduced accordingly. I sincerely hope these results are a signal that the Japanese electronics industry is on the verge of a turn-around. But it's a little early to pop the champagne.

0 ( +5 / -5 )

Real profits, or just creative accounting?

1 ( +4 / -3 )

Japanese electronic companies have to get out of consumer electronics. The profit margins are too low, and all that work should go to China and SE Asia. Japanese companies have to concentrate on high end circuitry and materials that only they can make. And this sector has high margins. But sometimes the founding families get in the way because they want the company name (sometimes their name) in every house in the world.

3 ( +3 / -0 )

Sony? Profits? Is this a misprint? The biggest problem with Japanese consumer electronics is that while things have been liberalized here (due to years of protest regarding the so-called "convoy system" of industrial policy), Japan's main competitor (South Korea) is quite happily using the old Japanese playbook.

0 ( +1 / -1 )

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