Sharp Shakes Up Management After Record Loss
Japanese electronics-maker Sharp named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.
Japanese electronics-maker Sharp named a new president Tuesday, reshuffling its top management to help restore profitability after reporting a record loss.
Vizio widened its lead in the U.S. liquid-crystal-display television market in the fourth quarter, according to a new report from research firm iSuppli. Samsung and Sony lost market share from a year ago, although Sony gained ground from the third quarter.
Now the No. 1. U.S. seller of LCD TVs, Vizio is setting its sights on the smartphone and tablet computer markets. But will its low-cost business model translate to the mobile electronics market? That's not a sure bet, but it'll be interesting to watch.
Pricing for television and computer screen panels in November rose for the first time in eight months as retailers geared up for what they hope will be improved sales of consumer electronics products for the 2010 holiday season.
Corning's (GLW) third-quarter profit rose 22% from a year earlier, as higher sales of the company's automotive and diesel-emission products more than offset the falling glass prices for flat-panel TVs.
Samsung Electronics shares fell 2.5% to 773,000 won each, fueling declines in other Asian technology stocks, after the company forecast its third-quarter profit will fall from the second quarter's record high.
Shipments of smaller liquid-crystal display (LCD) flat panels will surge this year, boosted by the growing popularity of smart phones and tablet-type computer devices. Meanwhile, shipments of larger LCD panels used for television sets are in a slump.
Lower-than-expected flat-screen TV sales have created a glut in liquid-crystal display panels and are unlikely to be bolstered anytime soon from 3-D TV demand. That means prices for LCD panels -- and TVs -- are falling once again.
It's being called a breakthrough in electronics production, but Corning's made-in-the-U.S.A. Gorilla glass is actually decades old. And now it's poised to go from the face of smartphones to borderless flat-screen TVs.
Boob tube shipments are up and manufacturer revenues are expected to rise in the first quarter, reversing a six-month decline. But LCD makers are hardly raking it in as prices continue to slide every year.









