February 1, 2012 12:22 pm EDT

Sharp struggles with TV competition, Q3 2011 results reveal 86 percent drop in profit

It's pretty tough out there for TV manufacturers. Sharp's reporting its financial results for April-December last year, announcing a profit of 9.14 billion yen ($120 million), a drop of 57.37 billion yen since the same period in 2010. Despite announcing a whole gang of new displays for the year, Sharp has cut its profit forecast correspondingly, down to zero for March 2012. According to Reuters, the company was expected to post healthier results, having recently finished a new manufacturing plant and apparently strong demand for its high-end AQUOS TVs, although it's perhaps not strong enough.

Sharp struggles with TV competition, Q3 2011 results reveal 86 percent drop in profit originally appeared on Engadget on Wed, 01 Feb 2012 07:22:00 EDT. Please see our terms for use of feeds.

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