Pioneer shutting down TV business forever

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There’s nothing much to say here other than what I’ve stated in the headline, folks. Pioneer has announced that they are officially getting out of the plasma HDTV business. Despite the quality of their plasma HDTVs, the TV division hasn’t been doing so well. Another factor is Panasonic’s recent announcement that their new plasma factory would not be ready to roll until 2010.

The Nikkei reports that Pioneer’s DVD division will be joining forces with Sharp in some new joint venture.

via HD Guru

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