Pioneer is exiting the HDTV business
Submitted by newgadgetsguru on February 8, 2009 – 11:03 amOne Comment
Yes it’s true! Pioneer has been losing money due to its plasma TV business and generally from its HDTV business as well. Recently Pioneer closed down its manufacturing line for its plasma TVs. Due to the recent economic condition Panasonic (which is Pioneer’s outsourcing partner for its panels) has announced a delay to its new plasma factory would not be ready to 2010. It is also reported that Pioneer will be entering a joint venture with Sharp for its DVD player line as well. Let’s hope no other big players announce such news during this difficult time.
[Via HDGuru]
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This is kinda sad because this was going to be out next major purchase as far as our home entertainment goes. A new Plasma HDTV. Pioneer and Sony are the first 2 we usually look at. Next would be to replace our sound system that my son plugged his guitar up to one day when we weren’t home and rocked out. He blew something up and now it doesn’t sound as good…lol! We are going to get a new one and give him that one…lol!
The economy will get worse before it gets better and it makes me wonder what we will be missing due to smart people coming up with great ideas and not having the money to market them.