Sony to exit plasma TV business, shift focus to LCD models: report
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Sony Corp. plans to withdraw from the plasma television business as early as the first half of 2005, a news report said.
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Sony Corp. on Wednesday said it had  no plans to abandon the market for plasma-screen television  sets in the United States in the near term, though it did not  say specifically what its intentions were internationally.
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Sony Corp. said Thursday that it will stop selling the two original PlayStation 3 models in Japan and focus on the new slimmed down version amid fierce competition from rival Nintendo Co.
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(InfoWorld) - Poor sales of PDP (plasma display panel) televisions in the U.S. over the year-end holiday period have forced Pioneer to postpone planned investment in a new PDP factory in Japan, it said Wednesday. The company had been planning to build a new plant west of Tokyo. It did not say when the plant will be built. Pioneer's sales of home electronics sales dropped 2 percent to Â¥113 billion ($928 million) for the last three months of the year, it said. PDP sales fell about 10 percent, due to a substantial drop in sales of PDP TVs made by Pioneer for other companies. Sales of sets sold under its own name also fell in Japan, but increased in Europe. The flat-panel TV market is one of the most fiercely competitive in the consumer electronics business, and prices have been dropping fast. Not only are companies competing against each other, but so are technologies: PDP is battling with LCD (liquid crystal display). In the big-screen TV market PDP lost ground to LCD in the fourth quarter, market analyst DisplaySearch said Tuesday. PDP shipments in the quarter were 15 percent lower than the makers' aggregate forecast, and the lower-than-expected unit growth meant the first year-on-year decline in PDP revenue to date, DisplaySearch said. For the first quarter of 2007, Pioneer said it expects to make fewer plasma displays, and also spend more money promoting them to consumers. Because of that and the poor results in the previous quarter, the company lowered its financial forecast for the full year. It reduced its operating revenue forecast by Â¥20 billion to Â¥800 billion and cut its net profit forecast in half to Â¥5 billion. Both forecasts are still well above last year's results.
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With YouTube dominating social video, Sony has decided to exit the sector and refocus its efforts on helping online video creators develop their content.
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Sony is dropping its money-losing rear-projection TV business worldwide to focus on two flat panel technologies Â liquid crystal display and organic light-emitting diode, the company said Thursday.
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MINNEAPOLIS -- The nation's largest consumer electronics chain says it has pulled all analog televisions off store shelves. Flat panel and high-definition screens have taken their place.
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Dell is rumored to be exiting the HDTV business by the end of this month, a little under four years after it first entered the market to diversify its product portfolio, according to Taiwanese business newspaper Economic Daily.
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Japanese consumer electronic giant Sony is hoping to close a deal that will give it control of the famed MGM studio in the United States.
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Sony will no longer use the standard DVD format in its video recorders, instead moving to Blu-ray Disc for all future models in Japan.
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Sony Corp. may withdraw from joint research on next-generation computer chips after agreeing to sell its production operations for the brains inside the PlayStation 3, a spokesman said Wednesday.
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Euthanasia performed on its PDP TV range Japan-based Fujitsu has announced that it will end production of plasma screens due to poor profitability. The company was the first to commercially introduce this technology in 1992, but sales of plasma TVs have been falling behind those for LCDs.â¦
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Toshiba Corp  is planning to give up on its HD DVD format for high-definition video, conceding defeat to the competing Blu-Ray technology backed by Sony Corp , a company source said on Saturday.
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Toshiba Corp  is planning to give  up on its HD DVD format for high definition DVDs, conceding  defeat to the competing Blu-Ray technology backed by Sony Corp  , a company source said on Saturday.
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Sony Corp. (6758.T) said on Wednesday it  will launch nine new LCD TV models in Japan in the next few  months including a 52-inch high-definition set, aiming at  demand in the critical year-end holiday shopping season.
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Company will exit the flat panel TV market.
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Global electronics giant Sony will launch its popular projection televisions with large LCD screens in China early next year, a company official said on Wednesday.