Late last year, some agency downgraded Sony & Panasonic debt ratings to junk status; a pointer to a not-so-bright financial outlook.

http://www.reuters.com/article/2012/11/22/us-sony-panasonic-ratings-idUSBRE8AL07B20121122

Also, just look around at the visibility of their  R&D activity, e.g. breakthroughs on OLED technology.... who's pushing the limits? The Centre has Shifted. The Koreans just stole their thunder.