GO
Loading...

Enter multiple symbols separated by commas

Sony aims to sell 10 mln flat TVs in 2007 & 2008

Sony wants to grow global sales of flat-screen televisions by about 70% in the next financial year starting in April, a Sony executive told Kyodo News in an interview on Wednesday.
"Markets have large room to expand in Europe, the United States and Asia, where flat-screen TVs have yet to diffuse widely," Sony Executive Deputy President Katsumi Ihara was quoted by Kyodo as saying in the interview.
Sony officials could not immediately be reached for comment.
Ihara told Kyodo that Sony would aim for flat-TV sales of 10 million in 2007/08. That compares with Sony's official target of selling 6 million liquid crystal display (LCD) TVs in the current year to March, a target Ihara said Sony would likely beat.
LCD and plasma displays are the two major technologies for flat-panel TVs. Sony has effectively pulled out of the plasma TV market and has placed its focus on LCD TVs.
Sony said on Tuesday that it might make an additional investment in its LCD joint venture with South Korea's Samsung Electronics to meet fast-growing demand.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.