Sony isn't the only consumer electronics maker experiencing financial turmoil in its TV division, Sharp is having serious financial woes as well. Even with its debut of the much heralded Elite line, as well as a positive CES display with impressive, 4K, and 8K LCD TV prototypes, and a new line of portable LCD TVs, has none-the-less announced that it is forecasting a $3.8 billion dollar loss in its LCD panel division for the year ending this March 31st. As a result, the LCD TV pioneer is planning to cut LCD panel output in its main plant by up to 50% until the market demand rebounds.
It is important to note that Sharp not only makes LCD panels for its own branded TVs, but also for other brands as well, so this loss not only reflects woes for the Sharp brand, but the health of the entire LCD TV market these days. For more details, read the report from Bloomberg Businessweek.
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