Official HD DVD Funeral Cost: $665.5 Million

The cost of the death of HD DVD to Toshiba isn't as high as the $986 million originally reported. Toshiba has announced officially that the expected HD DVD loss will be $665.5 million for the 2007 fiscal year ending March 31. This is close to double Toshiba's 2006 fiscal year loss from HD DVD of $348.1 million.

HD DVD isn't the only consumer electronics business from which Toshiba will take a hit. The company's projected operating loss from LCD is $122.8 million. Across all company units, the revised net income projection for the 2007 year ending March 31 is $1.28 billion, down from the original forecast of 1.84 billion, a 30.6% decrease.

Via Twice
Image Credit: Shiny Shiny

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