Sony is dropping its money-losing rear-projection TV business worldwide to focus on two flat panel technologies – liquid crystal display and organic light-emitting diode, the company said Thursday. According to Sony Corp. spokesman Shinji Obana, sales of rear-projection TVs had been declining recently as LCD TVs gain in popularity and get bigger. In October, Sony lowered its global sales forecast for rear-projection TVs – which uses a projector to create images on large screens – to 400,000 from 700,000, which is down from 1.1 million the previous fiscal year. By contrast, Sony expects to sell 10 million LCD TVs this fiscal year through March, up from 6.3 million the previous year.
News source: Neowin