April 8 (Bloomberg) -- Sharp Corp., Japan’s largest maker of liquid-crystal displays, posted a wider-than-forecast 130 billion yen ($1.3 billion) loss as the slump in electronics demand forced the company to shut plants and write down gear.
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“We are facing falling prices for LCDs and LCD TVs, and a slowdown in sales growth of those products,” Katayama told reporters in Tokyo. “Also, we are losing our competitive edge in the LCD business at our old LCD TV factories.”
The home entertainment electronics industry is going through a major cooling down period. (Note Pioneer's surprise decision to shut down production on TV sets completely in February: Pioneer to quit selling TVs)
Looks like the USA isn't the only Country with a slowing economy. The good news from all this is the super deals on home theater products for those that have spending money. Time to upgrade the HT room
There are some market indications that LCD sales would soon rise up as in the last month's end sales started to pick up. Demand for computer LCD monitors is not dying down and it is believed to be fueling LCD sales worldwide.
That is very sad to hear. I always buy their tvs and they are really nice. They are excellent quality. I am looking to buy another one really soon. I love Sharp.
TV Maker Sharp posts 1.3 Billion dollar loss
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