Toshiba confirms $1bn lost ditching HD DVD
Falling Flash prices didn't help either
Toshiba has knocked ¥100bn ($1bn/£498m/€639m) off its full-year pre-tax earnings, blaming not only the elimination of its HD DVD operation but also falling Flash prices.
The Japanese giant had previously forecast income of ¥350bn for the full year to 31 March, the company's 2007 fiscal year. It said sales would total ¥7.8tr.
But today it knocked ¥100bn off both figures, reducing them to ¥250bn and ¥7.7tr, respectively.
It attributed the reduction "primarily [to] costs incurred in the discontinuation of the HD DVD business". It also saw "a significant decrease in operating income due to a larger than anticipated declines in sales prices of NAND Flash memories".
Toshiba formally announced the end of HD DVD hardware production last month. Last week, it was predicted that Toshiba's decision would have just such a ¥100bn impact on its FY2007 figures.
Obituary: HD DVD 2002-2008
COMMENTS
Shame
The cost of bribes to slash and burn pricing to ebay landfill or the price of shame for faltering in front of Sony. World's most unlikely winner in any format war (just ask the internet) unexpectedly wins after making large bet with entire games console division as the wager, internet falls quiet on news prepares for new lolcats commentary.
PH because she knows both how to inflict shame on her family while also being personally impervious to it herself cf. pop career, smutty video infamy, owner of the second most papped minge ... etc
Erm
So in other words it didn't actually lose $1bn ditching HD-DVD because loss in their flash business is included in that figure as well even if it wasn't a major part? :p
