Pioneer Drops Out of DVD Business, Focuses on Blu-Ray
Posted Wed Jun 7, 2006 at 04:28 PM PDT by
Faced with stiff competition and dwindling revenues, Pioneer Corp. has
announced it will cease
producing standard DVD recorders
but will continue to focus on
Blu-ray products, the company told international newspaper Nihon Keiza Shimbun
over the weekend.
In 1999, Pioneer became the world's first company to commercial DVD recorders,
and is currently the fourth-biggest supplier of the devices in the world.
The company also says it is looking to line up with fellow leading electronics
manufacturer Matshushita to cut costs, by purchasing its key microchips and
software to help develop Pioneer Blu-ray players.