Sony, Panasonic outlooks suggest sector recovery

Sony Corp and Panasonic Corp signaled the worst may be over for the world's two largest consumer electronics makers as they raised their full year outlooks, helped by cost cuts.

This follows an upbeat view from Samsung Electronics, the world's top LCD maker, and Sharp Corp.

Sony posted its fourth consecutive quarterly loss in July-September, hit by sluggish cellphone sales and as it cut prices of its PlayStation 3 game console.

However, analysts noted signs of improvement in many units of the consumer electronics conglomerate.

Read Full Story >>
The story is too old to be commented.