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View Full Version : Pioneer to end tv production


jakncoke
02-08-2009, 03:20 AM
Say it ain't so (again) Pioneer, Japan's Nikkei is reporting that despite planning a return to profitability by sourcing Panasonic plasma panels, facing a consolidated loss of 100 billion yen ($1.08 billion U.S.) it will end TV development and production entirely. The DVD business will be spun off into a new venture with Sharp as part of a plan to shed several thousand employees over the next year, including a shutdown of its Shizuoka plant, along with already planned closings in the U.S. and Europe. Honestly, we should have seen things were going badly when it let LaserDisc die, but the worsening economy may have proved too tough for the idea that its Kuro and Elite line of products would not be subject to the ups and downs of the economy.



http://www.engadget.com/2009/02/06/pioneer-reportedly-ending-tv-production-spinning-off-dvd-busine/

I don't believe I ever owned a Pioneer tv
LiNuX
02-08-2009, 02:00 PM
I never owned a pioneer TV but one of our old Cable boxes from Time warner was a pioneer one, pretty good, they make long lasting products but...tv...no exp with that

bad economy though...huge loses - $1.08 billion
jakncoke
02-08-2009, 10:07 PM
ya Japan is really in the dumps right now, I read something about their industry dropped by a 1/3 or something like, they said it was the worst drop ever
Trunks
02-08-2009, 10:25 PM
Yea, when one major country goes into a depression, it normally takes others down with it. Not sure if this is what happened with japan. Just came to my mind.

I haven't heard of Pioneer at all.
LiNuX
02-08-2009, 10:39 PM
Yea, when one major country goes into a depression, it normally takes others down with it. Not sure if this is what happened with japan. Just came to my mind.

I haven't heard of Pioneer at all.

the US Market is the main character in the whole thing, when our markets fail, European markets fail, followed by Asian ones and then the cycle just continues. but I'm sure if Japan was the one to fail on the electronic industry (pick a few) that the US would suffer seeing how most of our products are imported.
jakncoke
02-08-2009, 10:42 PM
Not sure if true but I read on GAF that Japan didn't really recover from the late 90's recession and that and the strengthening of the yen again is really ****ing them over