Sanyo reports huge net loss for recent quarter

Sanyo reported a 7.3 billion yen net loss for the most recent quarter this past Tuesday, casted doubt on whether the struggling Japanese electronics maker will pull out of some markets it serves.

Strangely, a decline in domestic sales (Japan) outpaced strong performance overseas (U.S. market and others). The reason for the declines was given as increased competition in digital cameras that offset higher sales of mobile phones and advanced washing machines. Sanyo only sells mobile handsets to one U.S. carrier -- Sprint.

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