Sony once again reported a loss for the last quarter. The loss was less ($287.5m) than the predictions of analysts though. The issues for Sony are still the high yen, bad economy, but also weak demand for Sony electronics.
In contrast Korean Samsung soars, tripling its net income to 3.72 trillion won for the quarter compared to last year.
Samsung is doing very well in chips and mobile phones, but also its LCD panel and TV business is thriving. Samsung also mentions that their bottom line was improved by increased sales of premium LED and 240Hz TV panels.
In my opinion, Samsung manages to grab more mindshare in the TV segment right now than Sony does. Sony still has a lot to do to get back on track. At least their video game business looks much better now.
Sony Financial report pdf and WSJ.
Samsung Financial report release.
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