Sharp manages an operating profit in Q3, but forecast remains cloudy

It's been a while since we had any good financial news for Sharp, so we'll start there. On an operating basis, Reuters and Nikkei report it managed to turn a profit for the October to December quarter of 2.6 billion yen ($28.5 million) -- more than analysts had predicted -- despite still recording a net loss of $398 million. That's not so bad when you consider the massive losses of a year ago, although questions raised last fall about the company's viability still remain. We'll see if a slew of new devices and partnership with Qualcomm are what the doctor ordered -- hopefully the #1 manufacturer of 60-inch and above HDTVs in 2012 can continue on long enough to put its 8K Super Hi-Vision TV in our living rooms.

Filed under: Displays, HD, Mobile

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Source: Reuters, Nikkei