Sony has announced that it is dropping its money-losing rear-projection TV business worldwide to focus on flat-panel technologies.
In October, Sony lowered its global sales forecast for rear-projection TVs, which use a projector to create images on large screens. The forecast was reduced from 700,000 to 400,000, which is down 1.1 million from the previous fiscal year. In contrast, Sony expects to sell 10 million LCD TVs this fiscal year through March, up from 6.3 million the previous year.
Earlier this month, Sony began selling an 11in TV that uses a relatively new but expensive flat-panel technology called organic light-emitting diode. The set, called the XEL-1, measures just 3mm, or 0.12in, thick and delivers clear, vivid images.