Japanese electronics supplier Sharp Corp warned it will slip into its third annual net loss in four years as fierce pricing competition saps sales of smartphone displays, the business line it had been counting on for growth.
Japanese electronics firm Panasonic Corp said a dip in quarterly operating profit won't derail it from hoisting earnings 15 percent this year as a restructuring strategy of exiting low-margin product lines like TVs continues to pay off.
Panasonic Corp (6752.T) has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.
RadioShack Corp, expected to file for bankruptcy next month, is in talks to sell leases on some of its stores to telecoms operator Sprint Corp, Bloomberg said, citing a person with direct knowledge of the matter.
Shares of South Korean consumer electronics maker LG Electronics Inc rose sharply early on Thursday, buoyed by expectations for healthy earnings in 2015 as well as bargain-hunting.
South Korea's Samsung Electronics Co Ltd launched a lineup of high-tech premium TVs on Tuesday, calling on its original mainstay devices to help avert a second consecutive year of profit decline.
Samsung Electronics Co Ltd said on Thursday that all its new smart television products launched in 2015 will be powered by the Tizen operating system, marking a fresh effort by the company to increase the usage of the software platform.
U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report.
Shares in Cheil Industries Inc (028260.KS), the de facto holding company of Samsung Group, doubled on its debut on Thursday in the latest in a series of steps toward generational succession for South Korea's largest conglomerate.
Leaked emails reveal a cultural gulf between Japan's Sony Corp and Hollywood subsidiary Sony Pictures Entertainment, highlighting the challenge of CEO Kazuo Hirai to turn around the money-losing company under the slogan One Sony.
Deals on clothing and cameras helped spur Canadian shoppers to spend more during the most recent Black Friday and Cyber Monday weekend than they did in 2013, according to a report by Canada's largest payments processor.
Sony Corp should fear China's censors almost as much as rival Microsoft Corp as it prepares to unveil the price and release date of its PlayStation 4 gaming console in the world's third-largest gaming market.
Sony Corp is likely to cut average pay next year in a rare move for a big Japanese company, and one that goes against Prime Minister Shinzo Abe's push for higher wages to get the economy moving.
U.S. online sales grew a smaller than expected 8 percent on Cyber Monday after web promotions before and during the Thanksgiving weekend robbed business from what has traditionally been the busiest day of the year for Internet shopping.
South Korea's Samsung Electronics Co Ltd (005930.KS) on Wednesday announced a $2 billion share buyback plan, its first since 2007, following investor calls for higher returns against a backdrop of rapidly declining profits.
Subscribe to VCpost newsletter
- (VIDEO Review) YEPO 737A Notebook 6GB RAM
- SEP Announces Investment in Communications Technology Leader
- Banking Innovation Strikes Back
- Ollie completes $15M financing; Series A led by Aviva Investors and Employees Retirement System of Texas
- Edurance King: OUKITEL K10 starts presale at $249.99 with 11000mAh battery
- Softbank to invest 460 million euros in Germany's Auto1
- Iceland Investing $1 Billion on Increasing Airport Capacity
- Hyundai to Invest in Grab, Uber's Largest Rival in Southeast Asia