JVC bailing from the Japanese home LCD TV market?

Philip Wong | Apr 18, 2008

Apparently, this is the latest development from JVC, according to a Nikkei report based on insider information. Bruised but not completely beaten in the game, the LCD TV manufacturer has other plans for its ailing Japanese market share. Citing fierce competition, it has chosen to focus instead overseas on markets such as the US and Europe.

Once cash cows, prices of these LCD and plasma TVs have spiraled in recent years. This has forced many vendors to reconsolidate their business in a bid to remain competitive. To date, victims of the "flat-panel bubble" burst have included Fujitsu which recently withdrew from the plasma TV business.

Via Reuters | Photo credit: JVC

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