New York, NY (PRWEB) February 24, 2012
As reported in a recent Profit Confidential article, Sony Corporation has fallen on hard times due to corporate earnings being hit by tough competition in the TV sector. Just as Sony is trying to stop the bleeding, Sasha Cekerevac, contributor to popular financial newsletter Profit Confidential, says that, if rumors of an Apple “iTV” are true, this could be a deadly blow to Sony.
“Currently Sony is on pace to lose money on TVs for an eighth consecutive year,” says Cekerevac. Sony once had a market capitalization of $100 billion; it currently trades with a valuation at just under $20.0 billion.
According to Cekerevac, true value is generated with new products that are unique and stand apart from the crowd. Cekerevac points to the original and innovative products Sony created years ago, such as the “Walkman” and the original “Sony TV.”
“Apple is hot in the retail sector, as customers love the firm and their innovative products. Now, as Sony is falling to the side, here comes yet another competitor to give Sony the push down the ditch,” says Cekerevac.
Sony, once synonymous with TVs, might be forced to leave the TV market altogether, says Cekerevac. “Who can imagine that thought occurring 20 years ago?”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.