Sony Forecasts Shipping 7% Fewer TVs in Fiscal Year Ending March 31

Sony shipped 12.4 million TVs in the year ended March 31, a 2.5 percent increase from a year earlier, but about 100,000 units shy of its October and February forecasts, the company reported Friday. Sony is forecasting shipments of 11.5 million TVs in the current fiscal year, which would amount to a 7 percent year-on-year decline.