Kyros on 24 October 2008
It's not only analysts slashing Sony's estimates, it's Sony itself cutting its own estimates. Apple and MS are actually holding the line on their estimates pretty well. Sony's earnings are tanking,
Eh yes I never disputed that the profits will fall from 6billion to 2.5billion on current estimates. As will be the earnings of Samsung, LG and all the other big electronics companies. Apple is a special case because they are currently possibly the most successful tech company around. And MS has its monopolies that provide them with unlimited cash.
The world has entered a recession so companies that make expensive cameras, televisions and Notebooks will have lower profits. Very surprising.
Now if Samsung , LG, Sharp & co have record years next year and Sony tanks, THAT would be news. Alas I doubt it.
