When I was a teenager, the Sony Walkman was the
must-have gadget. Sony products were very highly regarded. I remember walking by a high-end electronics store and seeing the first Trinitron flat screen TV's; they made our jaws drop. If you got a Sony product for Christmas, you hit the jackpot.
Now I read that Sony hasn't made a profit in four years, and that its debt has been reduced to junk status.
Fitch downgrades Sony, Panasonic to junk - Nov. 22, 2012
What went wrong? I often hear about the strong Yen, but surely there must be more to it than that?