Sharp, Toshiba and Panasonic Report Lowering Sales and Increasing Losses

Posted Thu Nov 1, 2012 at 11:00 AM PDT by Dick Ward

LG and Sony are doing a bit better, but it's still not all sunshine.

Though Samsung posted some incredible growth for this last quarter, the rest of the industry isn't doing so hot. Sharp, Toshiba and Panasonic all reported losses that resulted in part from lower sales across the board.

Sony experienced flat sales figures – year to year, Sony sales were unchanged. It's not growth, but it's definitely better than the alternative. Sony also reported that though they lost money in the quarter, they've managed to narrow that loss down.

LG managed to hold out and continue to make a profit on its wares. Sales were down in most categories, with home appliance being the exception, but still managed to post what the company press release calls "solid net income."

Source: TWICE

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Tags: Sharp, LG, Sony, Panasonic, Toshiba, Industry Trends (all tags)