Toshiba says TV sales may miss 16 million target this year

Reuters News
|
Posted: Sep 27, 2012 1:54 AM
Toshiba says TV sales may miss 16 million target this year

TOKYO (Reuters) - Toshiba Corp said its global television sales in the current financial year are likely come in 10-20 percent short of the company's target of 16 million units amid tough market conditions.

Toshiba's TV business is likely to post a loss in the six months through September but the division aims to return to profit in the second half, Masahiko Fukakushi, a Toshiba executive vice president, told reporters on Wednesday.

(Reporting by Reiji Murai; Writing by Shinichi Saoshiro; Editing by Edwina Gibbs)