Sony Will Reduce TV Portfolio By 40 Percent This Year

Posted on Apr 12 2012 - 7:05am by Editorial Staff

Sony’s CEO Karuo Hirai today during venturing out its new business plan for the troubled company Sony states that the company will focus on development and introduction of new high-end displays like the OLED and Crystal LED. Also, the company plans to move the entire portfolio up in terms of price and quality range for the Bravia line-up.

The company has confirmed also its plans are true and it will be reducing its workforce by approximately 10,000 over the 2012 fiscal year. The company believes strongly if the measures are implemented, Sony will target sales of 6 trillion yen and operating income margin of 5% in its electronics business, and sales of 8.5 trillion yen, operating income margin of more than 5%, and return on equity (“ROE”) of 10% for the Sony Group overall, in the fiscal year ending March 31, 2015 (“FY14″).

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