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Sharp Posts $1.4 Billion Extraordi PDF Print E-mail
Saturday, 28 April 2012
With Samsung gaming the LCD television market considerably, it’s no wonder why other TV manufacturers are making significant losses in the industry. Take Sharp for example, the company has posted a rather extraordinary loss for their financial year ending March 2012, whereby Sharp made a whopping loss of $1.4 billion for that particular year. Sharp attributed their losses due to crumbling sales for their LCD manufacturing business, and they expect to lose a further 18.7 percent of its projected sales for this year.

Nevertheless, the top management of the company has started their restructuring exercise, whereby they hope to minimize the losses through restructuring the costs and inventory losses which is due for write-down. Also, it seems that Sharp would instead focus on mobile LCDs, simply by converting their big-screen LCD production lines to produce these miniature screens.

Sharp Posts $1.4 Billion Extraordinary Loss

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