01 November 2012, yet another Japanese electronics maker announced they are losing money big time, and for the second year in a row.  Sharp predicts it will lose at least $5.6 billion USD by March 2013 (the end of the Japanese fiscal year)!

From April to September 2012 Sharp lost nearly $5 billion, 80% more than they originally predicted!  As other Japanese electronics makers, they blame crashing TV sales.

Sharp officials say they will now layoff 10,000 employees and sell assets.  They’ve also taken on a $4.6 billion bailout loan.