Sony axes OLED TV business
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Sony has axed its home OLED TV plans, ceasing production of domestic-focused sets using the organic light-emitting diode technology, and focusing on LCD panels moving forward. The news – coming as both Samsung and LG prepare to unveil OLED HDTVs at CES 2012 this week – is the latest stage in Sony’s huge overhaul of its ailing home entertainment business, Yomiuri reports, short-comings of which are expected to contribute to $1.15bn in losses in the most recent financial quarter. »read more
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