Thursday, Sony Corp.'s (SNE) sales of liquid-crystal-display televisions and Blu-ray players in the U.S. for the month of December exceeded expectations, one of the company executive is reported to have said at the Consumer Electronics Show in Las Vegas.
The company is reported to have seen good demand continue post holidays, and has unveiled some new products at the show, including a 1.4-pound laptop computer, energy-saving Bravia televisions, digital photo frames and $200 Webby camcorders.
However, the Japanese electronics maker, according to reports, has stated that it may miss its target for LCD TV sales on lower-than-projected revenue in North America and Europe.
Last month, Sony had announced its plan to cut about 8,000 jobs in the electronics business worldwide and about 10% reduction in manufacturing sites, aiming to strengthen its corporate structure and bolster profitability, thus withstand the current economic downturn.
SNE closed Wednesday's trading session at $23.77.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.