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Pioneer to Exit Flat Panel Market

Post Time:Feb 11,2009Classify:Company NewsView:273

A flurry of activity has surrounded Pioneer this week, particularly centered around its flat panel display business. As it turns out, the company may be leaving flat panel production entirely, instead going the route of merely branding displays and possibly "guiding" technology. Rumors that Pioneer and their highly-rated Kuro plasma displays may soon exit the TV market are brought to you courtesy of a PC World article which cites a report in Japan's Nikkei newspaper.

The report gives nod to the global economy for Pioneer's woes. As of last year, Pioneer was the fourth largest plasma manufacturer (in terms of market share) - this after having announced intentions to stop manufacturing panels in-house. To add to the intrigue, the plasma giant also released info that it would be adding LCDs this year - at least in North America (these from Sharp Electronics).

But wait - there's more... In the report, Pioneer is said to be spinning off its DVD operations into a new joint venture with Sharp. Whether this is because their focus is on Blu-ray or because DVD player profits are down as well is an unknown at this point.

Pioneer is scheduled to report its financial results for the fourth quarter on Feb. 12. We're hoping this sheds new light on the situation and lets us know how the company will proceed with flat panel production in 2009 and onward. As far as what we know now, the Wall Street Journal reports that Pioneer is "considering all options in a review of its businesses, including a possible withdrawal from the company's unprofitable flat-panel television-set operation."

Source: Audioholics.comAuthor: shangyi

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