Toshiba takes 95% loss in profits due to HD DVD failure

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The fallout from the now-over Blu-ray vs. HD DVD war is still coming, with Toshiba suffering a 95% loss in profits this quarter, most of it attributed to the failure of HD DVD as the format of choice for next-gen disc players.

Samsung, meanwhile, is showing a 37% increase in profits, mostly from mobile phones and LCDs.

For Toshiba, it wasn’t just the licensing, but the loss of HD DVD’s manufacturing that cause the loss. Tosh had invested millions in the manufacture of the disks, but then had to shutter its plants.

Wars, even format wars, have casualties. The good news though is that Toshiba’s shares only fell 2% on the news.

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