Sharp Profit to Rise 3% in FY2008
Sharp is forecasting that its profits will increase 3% Y/Y to JPY100 billion to JPY101.9 billion in FY2008 that just ended on March 31, 2008. The company stated that increased sales of cheaper LCD TVs were part of the reason for the increase. In a previous blog post, I referred to a report by Pacific Media Associates that showed a trend toward smaller and more affordable LCD TVs, namely 32″. This trend will most likely continue as folks in the US are cash-strapped and it seems a recession is in full swing.
