It’s official. Toshiba announced today that the end is here. In a public statement, Atsutoshi Nishida, President and CEO said, “While we are disappointed for the company and more importantly, for the consumer, the real mass market opportunity for high definition content remains untapped and Toshiba is both able and determined to use our talent, technology and intellectual property to make digital convergence a reality.”
The company will cease selling their products to retail dealers by the end of March, but promises to continue its product support to those who have already purchased HD products. They will continue to market standard DVD players and DVRs. Toshiba will now concentrate on other tech that supports hi-def, including NAND processing, next gen CPUs, small form factor hard disk drives, and those that utilize wireless and incryption technology.
Read More | Toshiba Press Release
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