They did. Which is why they really aren't making any money.
http://microelectronics.cbronline.c...ed_as_q4_revenue_dips_20_to_17_billion_130509
Toshiba in the red as Q4 revenue dips 20% to $17 billion
Published:13-May-2009
By Datamonitor staff writer
Sales in Europe fell 47% to $1.9 billion
Toshiba has reported a net loss of JPY 184 billion ($1.9 billion) for the fourth quarter 2008, compared to net profit of JPY 1.25 billion ($12.6m) in the year-ago quarter, on revenue down 20.4% at JPY 1,671.5 billion ($16.9 billion). It made an operating loss of JPY 182.9 billion ($1.8 billion), compared to JPY 4.6 billion ($46.8m) in the year-ago quarter.
http://www.itworld.com/business/68159/hp-revenue-drops-tough-climate
HP revenue drops in tough climate
by Robert McMillan
May 19, 2009, 07:35 PM IDG News Service
Computer industry bellwether Hewlett-Packard reported a 3 percent drop in revenue as its major lines of business continued to be hammered by the global recession.
The company also became the latest technology vendor to resort to layoffs in order to cut costs. Over the next 12 months, HP will lay off about 2 percent of its work force, or about 6,000 employees, HP Chief Financial Officer Cathie Lesjak said during a conference call with financial analysts Tuesday. HP employs 321,000 worldwide.
These box-makers are bleeding money left and right. It's all about the race to the bottom. Cheaper, crippled hardware at low prices is the name of the game.
HP and Dell have a huge corporate presence and that's where the money is made. the consumer stuff is like Coke selling soda/pop cans in a grocery store. no profit but it's done for branding purposes. all the money in soda is in the syrup sold to the bottlers.