The era of Japanese consumer electronics giants is dead
A Sony Wega rear-projection television found by the garbage in New York. The financial prospects of Sony and its fellow Japanese companies aren’t far behind.
(Credit: John P. Falcone/CNET)
Not that long ago, Japanese companies such as Sony, Panasonic, and Sharp were considered premium brands.
They made virtually everything in the consumer electronics world, from televisions to microwaves and digital music players. There seemed to be no way to stop their momentum. Their products often carried higher price tags to reflect their perceived quality, and people snapped them up.
“People used to…
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