Sony Corp. (NYSE: SNE) managed to maintain its habit of posting quarterly losses. In its most recent fiscal quarter, the large Japanese consumer electronics company lost $194 million.
The reasons for the losses are about the same as they have been for several years. Sony has fallen well behind Apple Inc. (NASDAQ: AAPL) and Samsung in the consumer electronics field. It does not have a popular operating system of its own, as Google Inc. (NASDAQ: GOOG) has in Android. So it has been left on the margins of the consumer electronics and handset worlds.
Sony’s other main divisions make cameras, TVs and product movies. The prices for digital cameras and TVs are so low that manufacturers in Korean and China have used labor costs to gain an advantage. Movie studio profits change wildly from quarter to quarter based on the success or failure of blockbuster films.
New CEO Kazuo Hirai promised improvement after a number of lean years under former chief Sir Howard Stringer. Instead, Sony has little to offer but more of the same.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
