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Sony exits LCD venture with Sharp

Written by James Delahunty (Google+) @ 24 May 2012 6:14 User comments (3)

Sony exits LCD venture with Sharp Sony exits LCD panel venture.
It announced that it will sell back all 7 percent of the stake in Sharp Display Products Corp, walking away from the joint venture after breaking even on its investment.

Sony is moving away from investing in the production of LCD panels, and opting instead to buy them from suppliers. It's TV division is responsible for enormous losses, as Sony has had serious woes in the market for flat-planel televisions the past several years.

Now with a new CEO in charge, Kazuo Hirai, Sony is seeking to stem losses and turn its fortunes around. In the TV business, it will buy its panels from other manufacturers and focus on its own technology to differentiate it from others in the market.

It also recently ended a flat-panel venture with South Korean consumer electronics giant, Samsung.

Tags: Sharp Sony
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3 user comments

125.5.2012 7:39

Wow! the fall of a giant.I remember when SONY rise in the 80's now the fame is fading.

225.5.2012 14:52

Yeah, Sony's were the best TV's to get for a long time. Ever since the side-lit LCD/LED tvs came out they all look terrible. So much ghosting and bleeding issues.

330.5.2012 0:09

Their TVs have really lame software package.

Just take this as an example. Recently I bought a Samsung 22" 1080p HD tv to use as my PC monitor. It has a USB port which will allow me to connect any USB drive, HDD, DVD or flash and play media right off of it. It managed 16 mbps x256, AAC, 1080p video file flawlessly. It could also supply sufficient power to my 1 TB Seagate FreeAgent GoFlex. The USB on the latest Sony TV couldn't even play an mp1/mp2 encoded avi file, even from a flash drive! And - get this, they wanted premium price for it !!!!!

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