In a statement to reporters today, Stan Glasgow, president and chief operating officer of Sony Electronics, said that Sony is seeing little or no sign of softer demand among U.S. consumers for its range of digital TVs, cameras and computer goods despite a weakening economy. "We are not seeing clear signs of softness. In the high end, it is hard to keep up with the full demand," he said of demand for Sony's pricier flat-panel TV models.

Heading into the company's current fiscal year that started in April, Glasgow said that he had taken into consideration the impact of spiraling oil prices and the housing credit crunch in forecasting Sony's U.S. growth for the coming year. "I didn't see so much good in the economic forecasts," he stated. But despite these cautious calculations, underlying demand continues to power sales of products across major categories. "Sony Electronics is growing at a substantial level in the U.S." relative to the fiscal year that ended in March of this year, Glasgow told Reuters. "We are exceeding the aggressive goals we set."

View: Full Story at Reuters


There are 2 additional comments
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Quote this comment Reply to this comment #1 Posted by Justin- on 02 Jul 2008 - 23:46
We do have a -2% savings rate (as of a few years ago). Unless things get really bad, I doubt people will stop buying their gadgets.
Quote this comment Reply to this comment #2 Posted by Mike Frett on 03 Jul 2008 - 19:47
Duh. As long as people have credit cards, I can guarantee they will spend money they don't have.
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