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Pioneer May Leave Flatscreen TV Business Due to Global Economy

50°
288w ago - The article states they will announce Thursday (2-12) if there will be a change in direction, to quote:

There are multiple reports from Japan indicating electronics giant Pioneer may end its flat screen TV business due to slowing demand and the struggling global economy.

"We have publicly announced that we are actively evaluating our business," Pioneer said in a public statement. "We started announcing changes in March 2008 to increase efficiencies of our business operations. We are still in that process but do not have any further announcements at this time."

If the company does indeed pull the plug on its TV lineup, the official announcement is expected on Thursday, when Pioneer announces its medium-term business plans. The company first announced last March it would stop making plasma panels due to increasing losses and higher costs.

Panasonic had control of the plasma TV market with 37 percent, Samsung Electronics had 22.8 percent, LG Electronics secured 15 percent, while Pioneer had just 5.9 percent, DisplaySearch numbers reveal.

Pioneer has already cut hundreds of jobs and closed one domestic manufacturing plant last year, with more job cuts planned in the future, Japanese media sources report. The company currently has 40,000 employees and may cut as many...
 

Blu-ray Sales Rise 300% Despite Staggering US Economy

100°
316w ago - PSU writes: In a beneficial turn of events for the home entertainment industry, Blu-ray sales continue to rise drastically despite the staggering U.S. economy.

As DVD sales decline, Blu-ray has been filling in the gap, generating more than $200 million in the first half of 2008. This is in stark contrast to the same point last year, where Blu-ray earnings were less than 33% of current figures.

"We are trending 8% Blu-ray sales [per title], and at the end of the year, we will be between 10% and 12%," stated Mike Dunn of 20th Century Fox Home Entertainment.

Lori MacPherson, general manager for Walt Disney Studios Home Entertainment, North America contributed her thoughts.

"I think people are becoming pickier on what they spend their money on, but home entertainment always represents a good value. Thirty dollars for a Blu-ray movie that you can watch over and over again is still a great value," she commented.

As Blu-ray production costs begin to drop, savings will be passed on to consumers and, in return, Blu-ray will take an even more prominent place in people's homes. With HDTV penetration higher than ever, Blu-ray may very well overtake DVD prior to 2012, the previously accepted prediction.
 
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