Sony CEO says aims to expand TV sales from 2014
TOKYO (Reuters) - Sony, which has spent several years shrinking its television unit, plans to expand sales from next year once the business has stopped losing money, chief executive Kazuo Hirai said on Thursday.
"After ending losses we want to focus at growing sales in the emerging economies," Hirai told a press roundtable at Sony's headquarters in Tokyo.
Sony and other Japanese makers have been hurt badly by competition from foreign rivals lead by Korea's Samsung Electronics (005930.KS), forcing them to halt output of unprofitable models and trim costs in a bid to compete.
Japan's share of the world's flat panel TV market this year likely shrank to 31 percent compared with 41 percent in 2010, according to the Japan Electronics and Information Technology Industries Association.
Hirai last year said the maker of Bravia televisions is doubling down on consumer electronics, with a focus on mobile phones and tablets, cameras and gaming rather than TVs.
(Reporting by Reiji Murai; Writing by Tim Kelly; Editing by Richard Pullin)
- Tweet this
- Share this
- Digg this
- UPDATE 3-Turkish president rejects Facebook, YouTube ban over wiretaps
- Exclusive - Pimco's Gross declares El-Erian is 'trying to undermine me'
- UPDATE 1-"Everything is fine", Pistorius told guard after shooting girlfriend
- CEO in apparent suicide was bitcoin fan, had other issues, too
- Kejriwal takes aim at Modi's economic model
A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press. Full Article