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Sony exits projection TV business to focus on flat panels
In the fiscal half-year through September, Sony lost $526.3 million in its TV operations, partly because of losses tied to rear-projection TVs. Diving prices of LCD TVs also contributed to the red ink. The world's electronics makers are all working on LCD technology for TVs, as well as another technology called "plasma display panels," or PDP.
Sony is dropping its money-losing rear-projection TV business worldwide to focus on two flat panel technologies - liquid crystal display and organic light-emitting diode, the company said yesterday (Thursday).
Sales of rear-projection TVs had been declining recently as LCD TVs gain in popularity and get bigger, Sony spokesperson Shinji Obana said.
