Around the Net

Sony's TV Biz Driving Down Company Profits

The drop in TV prices was one of two major factors accounting for Sony's 8.6% plummet in profit in last year's Q4, according to The New York (The other factor? Currency woes.)

Rivals like Samsung, LG and Panasonic are apparently driving down prices in the global flat-panel TV market. Thus, profits from Sony's TV business slipped even as unit sales increased.

Read the whole story at The New York Times »

Next story loading loading..