Sony to announce restructuring plan on Sep 22
http://biz.yahoo.com/rb/050912/sony.html?.v=2
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Ouch!
(thanks for the info...) Marius --------- |
i suppose that it isnt much of a shock to see their TV sector being a loss leader. if you look at most any range of their displays (projection, lcd, plasma, crt), they charge a premium for their products, even when they are comparable to products that cost one third less.
sony has been banking on their name for quite some time, and it just isn't justified anymore. other manufacturers are bringing quality items to market, and sony just doesnt have a good reason to cost more. |
I agree with that statement 100%.
Sony always seems to feel their offerings are worth more than similar competing products. |
The problem is China... they have gone from making crappy rip-offs to making quality electronics. I predict we see the $999 42" Plasma this Xmas.
ash =o) |
I also found this part interesting:
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SONY audio
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Another good reason to exit the stereo component market is the growing adoption of portable digital music and the advent of the media center PC and home networking. I saw a $300 device recently that's designed to look like a CD player, but it's actually a media server of sorts. Why sell CD players when sales of CDs are down? People will soon be trading CD collections for MP3 libraries. FM tuners are being made obsolete by satellite radio. And then there's what I called "networked music" -- the music channels available through digital cable and satellite programming companies. Carrying around physical media is becoming less convenient for whatever reason. When you have cell phone that's also a PDA, camera, AND MP3 player, why mess with CDs? The times they are a-changin.' |
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Heh, I don't know where they work, but I hope they spend an evening away from their home theatres and see the opera at Clowes Hall since I'll be there doing the sets and lights for "The Pearl Fishers" in a few weeks :-) |
Here's another report in advance of tomorrow's announcement:
http://yahoo.reuters.com/financeQuot..._t73539_newsml Quote:
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Here's Sony's official press release regarding the restructuring:
http://www.sony.net/SonyInfo/News/Press/200509/05-050E/ and stories from AP and Reuters: http://biz.yahoo.com/ap/050922/japan_sony.html?.v=9 http://yahoo.reuters.com/financeQuot..._t88658_newsml In a nutshell: • 10,000 jobs are being cut worldwide by 2007 • Selling $1 billion in assets • Ryoji Chubachi will head a reorganized electronic group • Phasing out production of CRT TV's • Downsizing or eliminating 15 business categories and reducing its number of models by 20%. They refused to give details on this. • End of the line for Qualia products (no new models will be introduced) • Establishing a group to develop OLED displays • Reaction from financial community lukewarm - no real surprises in plan. |
bottom line is, they're just not innovating any more. they're following the consumer revolution rather than creating it. samsung is eating their lunch, as is apple.
their HDV innovations, especially in the consumer camera line, may be too much, too soon, from a business standpoint. it may make sense for all of us to give up our SD for HDV, but try telling that to the folks who've just plunked down $700 or $800 for a camcorder which takes great pictures and even allows for editing at home, (which not many people even do yet, i know because i can make the really easy money doing it for them!). the consumer hasn't even caught up with the current home video "revolution," they're not ready to finance another. they're making stuff they want to make, not stuff people want. prosumer is loving it, but that's a fairly small niche. sony's motion picture biz is keeping its electronics afloat, and until they flip that equation, their core business is toast. might be a good time to load up on more stock, maybe let them swim in the swamp for a coupla quarters first. |
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I'm now resolved to just wait until 42" - 50" LCD and/or plasma/equivalents are true 1920x1080p and reasonably priced. -Steve |
I suspect they will get rid of the home audio sector altogether and focus on video games and TVs. They may keep their laptops around but I bet the desktops are on the way out as well.
ash =o) |
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