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Another iconic TV maker faces financial crisis

March 17th, 2008 · No Comments

Hitachi is the latest panel maker to be plunged into crisis, thanks to the growing pressure on the worldwide flat panel TV market. The company says it expects to announce a net loss when it publishes its year-end figures on March 31. Hitachi says the blame for its impending, disappointing results is due to falling retail prices on flatpanel TVs, its own limited success in the screen market and ‘inventory disposal’.   Hitachi is now pinning its hopes on a range of Ultra Thin LCD TV models (pictured), due for imminent launch in the UK.

Tags: Corporate · LCD TV · Trade

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