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Japanese LCD TV manufacturers suffer huge losses in 2021
The largest Japanese manufacturers of high-tech electronics, including Sony, Sharp and Panasonic, summing up the results of 2021, note a sharp drop in revenue in the sector of selling LCD TVs amid increasing competition from South Korean and Chinese companies.
So, according to information provided by Sony, in 2021 the company lost a record $ 5.78 billion, while Panasonic and Sharp lost $ 9.8 and $ 4.7 billion, respectively. For the current year, the volume of shipments of Sharp TVs is planned at the level of 10 million units, Sony – 19 million. Panasonic has not released forecasts yet.
Industry experts point out that the plans presented look weak, especially against the backdrop of applications from Chinese and Korean competitors.
Toshiba became the only Japanese TV manufacturer that did not suffer losses in the reporting period. True, in this case, it was not without rigging: the manufacturer did not publish financial results by divisions, noting only that the main source of income was the production and sale of equipment for heat power engineering.
- Foxconn factories prepare to produce Apple TV;
- Panasonic lost nearly $ 10 billion in 2021;
- Toshiba 55XS5 due in Japan and offering Quad-HD resolution;
- Sony Announces Record Loss for Year;
- Chinese companies increase market share of LCD TV production.