Sony Corp President Kunitake Ando said on Friday its products are
selling "extremely well" during the Christmas shopping season, owered by DVD recorder demand at home and sales of large-screen televisions in the United States.
The all-important October-December quarter accounts for about
one-third of its annual revenues and a majority of its operating
profits, due to a boost in sales during the few months before
"There is an expectation that Sony is always a laggard these
days, so we're sorry to disappoint," Ando said with a chuckle
during an interview with Reuters.
"There is double-digit growth in the U.S., and Europe is a little
better than last year. All other regions, such as East Asia,
pan-Asia, the Middle East and South America, are all seeing
Ando said sales of flat-panel televisions, games and digital
cameras are all strong, but the biggest growth is from its new
lineup of DVD recorders released in November.
Sony has been slow to enter the fast-growing DVD recorder market,
lagging behind leaders Matsushita Electric Industrial Co Ltd and
Under Sony's revival plan, it signed a memorandum of
understanding to form a $2 billion joint venture to make flat
screens for televisions with rival Samsung Electronics Co Ltd of
South Korea, with full production expected to begin in mid-2005.
Ando said final details of the liquid crystal display (LCD) joint
venture will be announced in February, with the investment to be
split almost evenly between the two firms.