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+--- Thread: Sony and Panasonic downgraded to essentially junk status (/showthread.php?tid=2146)
Sony and Panasonic downgraded to essentially junk status - Guest - 11-24-2012
Fitch has downgraded Sony and Panasonic
http://www.reuters.com/article/2012/11/22/us-sony-panasonic-ratings-idUSBRE8AL07B20121122
I guess the biggest question how long it can go on, and how it impacts camera business.
Sony and Panasonic downgraded to essentially junk status - Klaus - 11-26-2012
[quote name='photonius' timestamp='1353795366' post='21066']
Fitch has downgraded Sony and Panasonic
[url="http://www.reuters.com/article/2012/11/22/us-sony-panasonic-ratings-idUSBRE8AL07B20121122"]http://www.reuters.c...E8AL07B20121122[/url]
I guess the biggest question how long it can go on, and how it impacts camera business.
[/quote]
First they will terminate their TV business.
Camera sales (by volume) are massively down (almost 50%) as well now but it seems as if revenues shrank less.
Basically digicams are dying because of the competition from the smartphone side whereas system camera sales are more or less flat.