TITLE

REVERSAL OF FORTUNE FOR SONY

AUTHOR(S)
Khan, Amina
PUB. DATE
January 2009
SOURCE
Forbes Asia;1/12/2009, Vol. 5 Issue 1, p71
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article offers information on the economic performance of Sony Corp. amid the global financial crisis. It notes that the company cut its operating-income forecast for 2008 ending in March by 57%, and decided to cut 16,000 jobs in December 2008 to save $1.1 billion. However, it reveals that the company's Blu-ray format for movies has won the battle to replace the DVD against Toshiba's high definition (HD) DVD format.
ACCESSION #
36271613

 

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