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Sharp Profits On LCD Screens And Cellphones

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The Japanese-technology concern Sharp Electronics reported a record net profit for the year to date.

White-hot demand for liquid crystal display (LCD) TVs and camera-equipped cellphones spurred earnings at Sharp.

“Brisk sales of LCD panels and LCD TVs as well as mobile phone handsets helped us to post a record-breaking performance,” Hiroshi Saji, executive vice president at Sharp, told a news conference on Tuesday.

Sharp has plenty of reason to smile. Net profits rose over 26% to $725 million USD. But Mr. Saji has a less-rosy outlook on the second quarter of 2005, citing increases in crude oil and raw material pricing.

Mr. Saji believes the second half of the year will see sales pick up after a summer slowdown.

David Utter is a staff writer for WebProNews covering technology and business. Email him here.

Sharp Profits On LCD Screens And Cellphones
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