Toshiba was not the bearer of good news win they announced their Q3 earning reports that shows Toshiba down nearly $139 million in revenue losses year over year. Toshiba was able to gain $18.5 billion in revenue in the quarter to end December 2011, but that was 9% less than it accomplished at the same time last year. Apparently Toshiba has seen steady drop in sales across television, appliances, computers, and other consumer electronic devices. Toshiba has reassessed their 4th quarter projections with drastic changes such as cutting projected earning by nearly 50%.
Unlike their strong holding the consumer PC business Toshiba has yet to make an impact on the smartphone and tablet market as compared to competitors like Samsung and Apple. This shift in what consumers are buying these days for content consumption and productivity could have a tremendous effect on these numbers.