Printed from http://www.electronista.com

JVC posts large losses, halts some TV assembly

updated 02:35 pm EDT, Fri April 25, 2008

JVC Losses in Q1 2008

JVC today announced a major turnaround effort as an attempt to recover its ailing HDTV business. The Japanese electronics maker reported a dramatic year-over-year increase in losses from roughly $75 million to $455 million and says that the drops will require the company move its production to factories in less expensive locations. Plants in Scotland and JVC's home country will be switched off in favor of less expensive production in Poland and Thailand respectively, the company says.

The company also plans to shift its emphasis to the more lucrative large TV business and will focus at least its Japanese efforts on 42-inch and larger LCDs. American plans haven't been discussed.

Most of the immediate loss comes from shutting down already unprofitable business operations, JVC says. The company nonetheless argues that its TV business still needs restructuring as its more traditional rear-projection and tube TV businesses have also been dropping as buyers choose flat-panel displays over the less expensive but limited feature set.

TV sales in the US have typically been driven manufacturers such as Samsung and Sony at the high end as well as budget manufacturers, including Vizio.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Rapoo A300 Mini Bluetooth NFC Speaker

The Rapoo Bluetooth Mini NFC Speaker is a little metallic box about the size of a baseball. In spite of its small size, we were very p ...

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Advertisement

toggle

Most Commented

 
toggle

Popular News