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Hitachi to Stop Making TVs
Hitachi will stop making TVs in September 2012. It will continue to sell its Wooo TVs, which are made by outside contractors.
One of the more storied brands in the television business has had enough.Hitachi will stop producing TVs by September, reports Digital Spy.
Digital Spy says Hitachi will cease TV production in Japan, although it will continue to sell its Wooo televisions, made by outside contractors. Hitachi has been outsourcing its TV manufacturing for several years with one active plant left in Japan that reportedly made 100,000 sets per month.
The news comes just after TVs from Samsung, LG, Toshiba and Sony made a quite a buzz at CES 2012 in Las Vegas. However, TV manufacturers' stocks suffered in 2011, including Hitachi's that fell 3 percent.
The announcement also comes just weeks after Hitachi and others agreed to pay penalties for price fixing LCDs.
Digital Spy says Hitachi will cease TV production in Japan, although it will continue to sell its Wooo televisions, made by outside contractors. Hitachi has been outsourcing its TV manufacturing for several years with one active plant left in Japan that reportedly made 100,000 sets per month.
The news comes just after TVs from Samsung, LG, Toshiba and Sony made a quite a buzz at CES 2012 in Las Vegas. However, TV manufacturers' stocks suffered in 2011, including Hitachi's that fell 3 percent.
The announcement also comes just weeks after Hitachi and others agreed to pay penalties for price fixing LCDs.
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About the Author
Jason Knott, Editor, CE Pro
Jason has covered low-voltage electronics as an editor since 1990. He joined EH Publishing in 2000, and before that served as publisher and editor of Security Sales, a leading magazine for the security industry. He served as chairman of the Security Industry Association’s Education Committee from 2000-2004 and sat on the board of that association from 1998-2002. He is also a former board member of the Alarm Industry Research and Educational Foundation. He is currently a member of the CEDIA Education Action Team for Electronic Systems Business. Jason graduated from the University of Southern California.
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I guess the big surprise here is that Hitachi is still making displays! Haven’t seen one in a coon’s age.