A Tale Of Two Companies, Revisited
Japan's fiscal year 2014 results reveal a striking contrast between two CE giants. Panasonic's aggressive restructuring - including its painful exit from plasma TV manufacturing - delivered a stunning $1.18 billion net profit, reversing a $7 billion loss. Sony, meanwhile, faces a 67% drop in operating income, battered by its PC exit costs and a faster-than-expected collapse in Blu-ray disc sales. The full Sony numbers arrive soon, and they promise to tell an even sharper story.