Japan Admits Defeat in War… of TVs

Korean companies Samsung and LG took the market away by making TVs cheaper and just as good. TVs went from being huge boxes of tubes to being flat and nearly disposable. They technology changes every other year and buying something that’s not a decade of commitment is the new way to go. Like Nintendo, Sony and Panasonic, two big TV makers had shares fall from quarterly losses. They’re now going to output half of their projected amounts of TVs. (ft – Japan Waves White Flag)

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