Sony Rumored To See Major Cost Cuts

Posted: Jan 5 2009, 4:53am CST | by , Updated: Aug 11 2010, 12:23pm CDT, in News | Technology News

Sony rumored to see major Cost Cuts
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Sony is having troubles yet again. The PS3 sales sucked this holiday season and of course the economic crisis is also not help sell high-end TVs. The Times reports now that their sources tell them about major cost cuts across the whole Sony corporation including some "sacred cow slaying".
The restructuring plans are seen as far to late by analysts and are supposed to be announced after the CES 2009. It is clear that something has to happen at Sony. It will be not an easy task to find the right directions. Every product category is highly competitive and Sony is not alone offering stylish high tech. Samsung and LG have become basically as good as Sony and often offer their gear at more affordable pricing.
The Sony Walkman has lost to the Apple iPod and the Sony PS3 gets eaten alive by the Wii and the Xbox 360.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
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