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JVC makes Japanese TV history for all the wrong reasons

April 17th, 2008 · No Comments

It is looking increasingly likely that JVC will become the first Japanese TV maker to withdraw from its local market, citing fierce pricing competition for the retreat. Many of the company’s financial woes stem from its money-losing TV operation. JVC’s latest prediction is that it will lose 47.8 billion yen this fiscal year.
The company has already hinted at a significant re-structure of its TV business. It’s now thought that it will continue to compete in the European and American markets, via its new partnership with Funai.
JVC is currently the sixth biggest panel maker in Japan and has a long and proud history in TV production. The brand developed Japan’s first TV professional set in 1939, but today only 30 per cent of its output is sold in Japan. JVC will announce its plans on April 25.

Tags: Corporate · LCD TV · Plasma · Trade

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