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© 2013 AFPSony to sell Tokyo building to fund its restructuring
TOKYO©2024 GPlusMedia Inc.
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© 2013 AFP
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paulinusa
I've always been a Sony supporter, but 968 yen a share? At least their new smartphone, the Xperia Z, has gotten great reviews. Let's hope there's more well designed products in the pipeline.
paulinusa
"Japan’s battered electronics sector has suffered from myriad problems including a high yen, slowing demand in key export markets, fierce overseas competition and strategic mistakes that left its finances in ruins."
And maybe some uninspiring products also?
ItsMe
Sony stock price still has a PER of 48, hardly what you would call a good stock buy unless you really thought they had fantastic things in the pipeline that would greatly increase their profits over the next few years... They still have a ways to go.
ItsMe
...oh, and as for the wonderfully reviewed Xperia Z... Their mobile business accounts for 1% of their business! That single sector is not going to fix Sony's woes. (For those not in Japan, the post above that says PER = P/R in common american terminology, which is the "Price earnings Ratio").
Knox Harrington
I'm impressed these tech giants finally understand that it is no longer possible to act like they did 20-30 years ago. Soon, they might even have to cut the top dogs' kyabakura accounts... Nah, that would be to go too far.
paulinusa
"Their mobile business accounts for 1% of their business! That single sector is not going to fix Sony's woes."
ItsMe: That may be true but anything north of 1% is better than recent sales, which have been going decidely south.
herefornow
How the mighty have fallen.