Sony Exceeds Target Sales in China Jan 18, 2005

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Sony, one of the world's top consumer electronics makers, should see sales in China climb by about half in the fiscal year ending March 2005, its country chief said.

The company exceeded its own forecasts and was driven by strong demand for digital cameras, camcorders, and laptops, said Kei Kodera, chairman of Sony in China.

Sony has said previously its sales in China -- its fastest-growing market -- jumped 70 percent to U.S. $1.7 billion in the year ended March 2004, on track to hit $8 billion annually by 2008.

China accounted for about 2 percent of global revenue, but already generated more business for Sony than any other country except the U.S. and Japan.

"We saw strong growth in digital cameras, camcorders, and VAIO notebooks," Mr. Kodera said. "We expect sales to surpass our targets. Sales will grow by 50 percent this (fiscal) year."

Sony has invested about a $1 billion in China over the past decade. It also vies with Sharp Corp. (Reuters)

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