Pioneer, a name we have all been familiar with for years, has stated this segment is no longer profitable for them and they are getting out. According to Forbes, Pioneer have decided to move on to the newer, Blu-ray technology. The article goes on to say that they are also looking to hook up with Matsushita, which makes sense, in light of this announcement.
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In 1999, Pioneer became the world's first company to commercialize DVD recorders, and is currently the fourth-biggest supplier of the devices. The company is trying to eliminate unprofitable businesses and focus on its lucrative car-navigation equipment and other vehicle-electronics operations, the sources told the newspaper. |
Source: Forbes
