Sony Profits Low, Halts CRT Production

mtndue1 writes "Forbes is reporting that with lower than expected profits, Sony is halting the production of CRT's for televisions at many of its plants. The restructuring move is meant to catch the company up with other manufacturers who moved to LCD displays more quickly." From the article: " In the second quarter to September, net profit dropped 46.5 pct to 28.5 bln yen, pressured by 32.3 bln yen in restructuring expenses to write down the impaired value of its cathode-ray tube (CRT) plants. Under the plant closure program, Sony will shut down some of its CRT television assembly factories by March 2008 in order to shift its focus to the flat-screen TV business ... In a bid to revive its game division, Sony plans to release its next-generation stand-alone PlayStation 3 game console in the spring. To speed up development of PlayStation 3, Sony plans to devote 410 bln yen to capital investment in the year to March, up from 356.8 bln yen a year earlier."

Comments

Sony still sold CRTs??

[neologee]

I havent seen any at sony retailers in 3 years at least! heh.

Don't care

[laughing_badger]

I've not bought anything with a Sony badge since Sony Pictures bought MGM and then jerked Alderac around with the license for the Stargate-SG1 role playing game.

Current cost to Sony, about four thousand pounds. Well, it makes me feel better... It was a kick ass RPG too - the Alderac designers ROCK.

PS: Don't buy Sony stuff.

Re:I don't know about anyone else

[Blakey Rat]

I've never owned a quality Sony product. I had a Sony walkman that fell apart after only a couple months, a Sony television that got fuzzier and fuzzier until I finally gave it away-- at a year and a half old, and a Sony 5-disk DVD changer that loved to eat DVDs. I finally gave up on the damned thing, unscrewed it to get Alien and Aliens out of its greedy non-ejecting maw, and returned it to Fry's. (They're still using it to demo DVDs! Hah! When I returned it, the guy there told me that had tons and tons of complaints about this model of DVD player and stopped carrying it shortly before I brought it back, so now they just have my returned one.)

Anyway, the point is, I'm sure at one time Sony stood for quality, but it's been a long time since that's been true.