8 Great Tech Brands Losing Money
Lost: $4.67 billion annual loss
Sharp was one of the biggest names in electronic products market. The Japanese company is now losing money because of the falling prices and shrinking sales of its LCD televisions. They have reported an annual loss of $4.67 Billion till last April and there seem to be more losses on the cards in the coming fiscal year too.
Sharp is facing stiff competition from North Korean manufacturers. The company sold 46 percent of its stake in its biggest plant to a Taiwanese competitor Hon Hai to cushion its losses.