Why You Probably Won’t Find Amazing Sony Deals for Christmas
In the midst of the financiapocalypse, with consumers stuffing money in mattresses and sprinkling themselves with holy water to avoid the layoff plague, you might think companies like Sony would slash and burn their typically premium prices to move whatever HDTVs and Blu-ray players and cameras they could. Nope. We talked to Sony Electronics President Stan Glasgow this morning about why Sony is holding steady on prices and staying out of the low end, even as consumers are obviously looking spend less. He also dished about Circuit City’s fairly grim prospects, Blu-ray sales not meeting expectations and why Sony knew the economy was going deep into the crapper in February, before Alan Greenspan.
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Comments (AU Comments | US Comments)
“No one in their industry has ever survived a Chapter 11 bankruptcy, especially not on that scale.” Really? So huge stores like Best Buy and Kmart whom filed ch.11 in recent past didn’t survive? Damn. Guess all the Best Buys and Kmarts are ghosts. Kind of spooky.
I have a relative who holds a high position at Sony. I was informed that the market in Australia is too small to pay any considerable attention to and that is the reason why Sony needs to increase the price to artificially inflate the market. There are two main factors that would make Sony sit up and listen: 1) population > 300million and 2) the country is not third-world status eg. India would be considered smaller market than Australia despite having a greater population, however the majority of Indians can barely afford such a hardware. Mr. Ephraim is fully aware of Sony price gouging Australian consumers, however he needs to stand by his employer and not allow Sony’s name to be tarnished. In Japanese culture, to show anger equates to being immature, but you can’t blame Mr. Ephraim for spitting the dummy, because the truth hurts. Hence the reason why I’ve stopped purchasing any Sony products for the last 10 years. Prior to the boycott, everything I owned was a Sony. Another reason for the boycott was due to Sony being deceitful and dismissive of MP3 technology because it was a threat to their revenue. Apple took advantage of Sony’s deceit, and ever since then, Sony has consistently failed to even come close to Apples market share in the mp3 department. It’s called “Karma”.