Dermatea Posted March 13, 2008 Share Posted March 13, 2008 And now that the coffin is all set, it's time for the funeral. This is what it all adds up to: According to a report appearing in The Nikkei, Toshiba's HD DVD gamble will cost the company $986 million (100 billion yen) for this year. I'd been waiting to see how much Toshiba would charge to the shuttering of its HD DVD business; curiously, Toshiba did not disclose this number at its last earnings report. Nor did the company mention this when it announced its withdrawal from producing HD DVDs last month. The Nikkei report indicates that Toshiba has not confirmed or offered comment on the losses. Last year alone, Toshiba posted a $400 million loss on HD DVD; then, the company justified it by saying it was an investment in the future. Now, the company is trying to wrap up its HD DVD business by the end of March. It's no surprise that players and movie discs are being deeply discounted, with the discounts getting steeper the further removed we are from Toshiba's decision to pull the plug on HD DVD. Link to comment Share on other sites More sharing options...
Ictinike Posted March 13, 2008 Share Posted March 13, 2008 That was a couple of months ago, I have not looked lately. Since when did things "a couple months ago" relate to todays market? Especially in the Technology Market. I mean, damn. PS3's were 800 dollars when they were released, too. Things go down in money, and new things are released freaking every day in different markets. Link to comment Share on other sites More sharing options...
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