Sony's planned TV spin-off to boost Chinese rivals

[tubetwister]

Sony’s planned restructuring of its key television business will allow Chinese flat-panel TV makers to buy some time to catch up to Samsung Electronics and LG Electronics, analysts and industry sources said.

Japan’s biggest electronics company, which led in the analog age with innovative consumer products such as the Walkman and Discman, announced last week that it would spin off its ailing TV unit and sell off the PC business.

The move comes after years of steep losses, and Sony is now seeking to concentrate on mobile products by offsetting its dwindling TV and PC businesses, taking them off its books through the restructuring.

The plans, which were received in a positive light by analysts and consequently spurred Sony shares, are unlikely to benefit Korean players such as Samsung and LG Electronics, currently the world’s top two TV sellers.
By: Park Hyong-ki | koreaherald.com
read more :http://global.ofweek.com/news/Sony-s...se-rivals-7523

This follows Panoramic's exit from Plasma TV production