JVC Loses $455 Million In The Past Year, Finally Realizes Rear-Projection And Tube TV's Are Dead

Japanese electronics maker JVC has finally realized that its traditional rear-projection and tube TV business is dead, but it took a $455 million loss in the past year for the realization to set in. The company says the majority of its losses resulted from nixing unprofitable businesses, but restructuring of its HDTV business is necessary. In fact, JVC is moving a factory in Scotland to Poland, and actually moving its Japanese manufacturing into Thailand, both moves an effort to reduce manufacturing costs. The company will also focus on larger LCD TV's, 42-inches and above in Japan for sure, but no decision on its US focus yet. Big screen LCD TV's tend be fairly lucrative for manufacturers thanks to generous profit margins, and definitely an improvement from the margins of RPTV's and the now seemingly ancient tube TV.

Via Electronista

Read More in: LCD TV

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