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 is declining since they didn't have any competitive main-stream product.
www.APM3.com
Posted at 3:55AM on Jul 15th 2010 by Cell Exp