>> ASIAONE / NEWS / LATEST NEWS / BUSINESS / STORY
Sony to stop producing rear projection TVs
Thu, Dec 27, 2007
AFP

TOKYO - SONY will stop production and sales of rear projection televisions to focus on hot selling flat TVs, a company spokesman said on Thursday.

Sony aims to end production of rear projection televisions in late February, spokesman Shinji Obana said.

'We will shift business resources to liquid crystal display and organic light emitting diode (OLED) televisions.'

Earlier this month Sony launched the world's first OLED television which is just three millimetres thick OLED TVs feature an organic self-luminescent display, which does not require a backlight.

The Sony spokesman said that the company was aiming to end sales of rear projection televisions in North America, the biggest market for the products, in late March.

In other areas, sales will end when the inventory is cleared, he said.

'We have witnessed a downtrend for the rear projection television market in recent years and it doesn't seem to stop,' Mr Obana said.

Sony sold 1.1 million rear projection televisions worldwide in the year to March 2007 but the shipments for the current business year have been cut back to 400,000 from an originally planned 700,000, he said.

The televisions have been manufactured at three plants in Japan, Malaysia and Mexico. -- AFP

 

 
STORY INDEX
 
  Sony to stop producing rear projection TVs
   
 
  STI closes higher
   
 
  S.Korea fund to invest US$11b in overseas stocks
   
 
  Pertamina beats Petronas for subsidised fuel license
   
 
  Billionaire Lewis ups stake in Bear Stearns
   
 
  Asian shares mixed at midday
   
 
  STI up at midday
   
 
  US stocks finish flat
   
 
  STI closes higher
   
 
  eBay launches microlending website
   
>> RELATED STORY
Sony to stop producing rear projection TVs
Sony sells 1m new PSP in two months

Elsewhere in AsiaOne...

Digital: Sony says global sales of PS3 to top 11 million

 

We welcome contributions, comments and tips.
a1admin@sph.com.sg
Search: