Sony Announces First Net Loss in 14 years
Our Comments
Sony needs to diversify like Sanyo, Sharp and Panasonic. It has already given up on mobile phones by creating the Sony Ericsson Joint Venture. Its inability to tackle Apple products with more convincing and innovative products has been a huge letdown for fans of the brand. The Walkman brand now is now worth significantly less than the iPod in most markets. According to Google Trends, the term iPod was 38 times more likely to be searched than Walkman. As one punter put it, you can cut workers, but Sony's products still won't sell.
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