23 Jan '12, 7am

Hitachi to stop making televisions by end September

Hitachi to stop making televisions by end September

Japanese high-tech giant Hitachi said on Monday it will stop making televisions by the end of September as intense price competition hurts TV earnings at many electronics manufacturers worldwide. -- PHOTO: BLOOMBERG NEWS TOKYO (AFP) - Japanese high-tech giant Hitachi said on Monday it will stop making televisions by the end of September as intense price competition hurts TV earnings at many electronics manufacturers worldwide. Hitachi will 'terminate television production by the end of September' in Japan, said Sayori Nishino, a company spokesman, having already outsourced overseas TV manufacturing to foreign firms in 2009. But it will still sell televisions branded with its 'Wooo' logo made by contractors. For Japanese manufacturers in various sectors, the surging yen has weighed on sales in foreign markets by making Japan-made products more expensive, as well as reducing...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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Hitachi to stop making televisions

Hitachi to stop making televisions

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