Sony (SNE) Seeing No US Recession

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Sony (NYSE: SNE) is still selling its share of television in the US and a poor economy, to the extent that it exists, is not keeping people away.

"We have already had a solid January and February," said Stan Glasgow, president and chief operating officer of Sony Electronics, the company’s $12 billion U.S. unit according to Reuters. Sony also said it expects to sell five million Blu-ray players this year.

The comments by the large consumer electronics company indicate that there are still some pockets of strength in US. Video game sales were strong as of the last NPD data.

Perhaps people can’t stand not being entertained.

Douglas A. McIntyre