Printed from http://www.electronista.com

Sony said backing off of bigger stake in Sharp LCDs

updated 05:10 pm EDT, Mon April 18, 2011

Oversupply of LCD displays diminishes interest

Japanese business daily Nikkei reported that Sony will not be increasing its stake in its investment in Sharp Display Products, a joint venture between itself and Sharp. Sony had invested 10 billion yen ($1.2 billion USD) in the joint venture in 2009. It's initial stake was seven percent, and according to the agreement, it could have risen to 34 percent by the end of this month.

At the core of Sony's decision was the softness of the market for Japanese displays. This was caused by the strength of the Japanese yen, making the Sharp displays more expensive than competing Taiwanese and South Korean Products. At the same time, these producers have ramped up production creating an oversupply in the market for LCD television screens.







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

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News