Sony and Panasonic market values decline to 30-year low
China Daily | Updated: 2012-06-04 08:03
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Tourists from China outside a Laox Co shop in the Akihabara district of Tokyo. Tokyo-based Sony has posted a record annual net loss of $6.4 billion. Provided to China Daily |
Sony Corp and Panasonic Corp, Japan's biggest consumer-electronics makers, saw their market value plummet to their lowest levels in three decades last month after forecasting earnings that missed estimates because of a failure to end losses from TV sets.
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