Japanese appliance market low profit plunged companies such as SONY NEC

According to foreign reports, the mobile phone, TV and other household appliances in the fierce competition, the Japanese electronics giant SONY and NEC in the first half of the fiscal year profit fell sharply. But Japan's Fujitsu Corporation has the good news, the company in September before the half transfer for profit, this is mainly due to cost cutting and network and other products sales.

Sony Corp CEO Howard Stringer, led by the British people are trying to reverse the decline, in the 6 months to September, the company's profit reached $21 billion 200 million, which fell by 72% over last year.

In the second quarter of Sony Corp profit of 28 billion 500 million yen, although down 47%, but more than a quarter of 7 billion 300 million yen net strong.

Sony Corp two fiscal year sales were flat with the same period last year, up to 17030 yen.

Coincidentally, NEC's days are not good, the company in September before the six months of profit of 16 billion 400 million yen, which fell by more than the same period last year by 35%.

Company sales fell 3%, a total of more than $22300, mainly due to the decline in mobile phones and semiconductor business, NEC said.

NEC said: "Japan's digital home appliances and mobile phone market is at a low point, the recovery time is longer than expected. The next period of time will continue to fight the price war. "

NEC estimates that its full fiscal year (ending March 2006) pre tax interest can only reach 90 billion yen, after the company's estimated value of $130 billion.