Sanyo reports huge net loss for recent quarter
Posted Jan 31st 2007 11:06AM by Brian White
Filed under: Cellular, Business
Sanyo reported a 7.3 billion yen net loss for the most recent quarter this past Tuesday, casted doubt on whether the struggling Japanese electronics maker will pull out of some markets it serves.
Strangely, a decline in domestic sales (Japan) outpaced strong performance overseas (U.S. market and others). The reason for the declines was given as increased competition in digital cameras that offset higher sales of mobile phones and advanced washing machines. Sanyo only sells mobile handsets to one U.S. carrier -- Sprint.
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1. Sanyo had been a solid brand name in Japan and Asia for years and they made reliable cell phones. However, with the rise of Samsung and LG, Sanyo will have difficult time catching up. Even Sony had to team up with Ericsson. Sanyo might have to find a merger partner soon.
Posted at 1:59PM on Jan 31st 2007 by Cellphone Guy