Sony Sticks With TV Profit Target Amid Declining Market Share
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Sony Corp. is sticking with a goal of turning Japan’s largest TV-manufacturing business profitable this fiscal year even as it continues losing global market share to Samsung Electronics Co.
Sony plans to increase TV sales this fiscal year from a target of 13.5 million units in the year ended March 31, Masashi Imamura, a senior vice president in charge of home entertainment products at Sony, told reporters in Tokyo today. He didn’t give a new number.