No more Pioneer TVs
Discussion
"Pioneer To End TV Production, Spin Off DVD Development-Nikkei
DOW JONES NEWSWIRES
TOKYO (Nikkei)--Pioneer Corp. (6773.TO) will pull the plug on its loss-ridden television business and shift its DVD player operations to a new venture with Sharp Corp. (6753.TO) in a sweeping overhaul, The Nikkei reported in its Thursday morning edition.
The company had been planning to end in-house production of plasma panels by the end of March and outfit its TVs with Panasonic Corp. (6752.TO) panels instead. Faced with worsening profit margins, however, it has decided to end TV development and production altogether.
Pioneer will idle its lone domestic TV factory in Shizuoka Prefecture sometime this year. Factories in the U.S. and Europe are already slated for closure.
Sales of Pioneer TVs will continue for the time being. The company has not yet decided what to do when inventories run out.
Meanwhile, Pioneer will spin off its DVD player operations, which are equally steeped in losses, to a new company to be set up with Sharp as early as this spring.
The company plans to eliminate several thousand of its roughly 40,000 groupwide jobs in the year ending March 2010. Pioneer is likely to post a consolidated net loss of more than Y100 billion for the year ending this March, wider than the Y78 billion loss it forecast earlier."
http://www.avsforum.com/avs-vb/showthread.php?t=11...
DOW JONES NEWSWIRES
TOKYO (Nikkei)--Pioneer Corp. (6773.TO) will pull the plug on its loss-ridden television business and shift its DVD player operations to a new venture with Sharp Corp. (6753.TO) in a sweeping overhaul, The Nikkei reported in its Thursday morning edition.
The company had been planning to end in-house production of plasma panels by the end of March and outfit its TVs with Panasonic Corp. (6752.TO) panels instead. Faced with worsening profit margins, however, it has decided to end TV development and production altogether.
Pioneer will idle its lone domestic TV factory in Shizuoka Prefecture sometime this year. Factories in the U.S. and Europe are already slated for closure.
Sales of Pioneer TVs will continue for the time being. The company has not yet decided what to do when inventories run out.
Meanwhile, Pioneer will spin off its DVD player operations, which are equally steeped in losses, to a new company to be set up with Sharp as early as this spring.
The company plans to eliminate several thousand of its roughly 40,000 groupwide jobs in the year ending March 2010. Pioneer is likely to post a consolidated net loss of more than Y100 billion for the year ending this March, wider than the Y78 billion loss it forecast earlier."
http://www.avsforum.com/avs-vb/showthread.php?t=11...
Jesus H tittyf
king christ I cut that a bit fine - my 600A arrived this week....
So the question is, who takes over? I guess Panny are up there in the running, but if they don't have Pioneer to spar with, will they pull the plug too and doom us all to a life of LCD-fizzy-poppy-retina-burning?
king christ I cut that a bit fine - my 600A arrived this week....So the question is, who takes over? I guess Panny are up there in the running, but if they don't have Pioneer to spar with, will they pull the plug too and doom us all to a life of LCD-fizzy-poppy-retina-burning?
Legend83 said:
So basically it looks like Samsung et al have priced quality televisions out of the market....
....off to by my Hyundai Coupe now.
Well... you might say Panasonic have done that? ....off to by my Hyundai Coupe now.
As a 2 x Viera plasma owner, I know that when I saw the quality of the pictures on my 42PX60 and 37PX70, that my eyes would not feel the benefit another grand of expenditure on a Pioneer would bring.
hah I just read this now and came here to see people's opinion... looks like I'm late to the party. When did Pioneer start getting panels from Panasonic? Is that true?
http://www.qmuso.com/2009/02/08/pioneer-may-exit-t...
http://www.qmuso.com/2009/02/08/pioneer-may-exit-t...
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