Toshiba Officially Out of North America TV
Following its decision to not show new TVs at International CES in January, Toshiba has officially announced that it will stop making TVs for North America and will consider similar pullouts elsewhere, Reuters reported Thursday.
"Toshiba Corporation and its wholly owned subsidiary, Toshiba Lifestyle Products & Services Corporation, today announced that they will undertake a fundamental restructuring of Toshiba’s Visual Products business by ceasing TV development and sales operations in North America and licensing the North American TV business to Taiwan’s Compal Electronics, Inc," the company said in a statement.
"The new business structure will start to deliver products to the North American market in March 2015.
The company will license the Toshiba name, for North American sales, to Compal Electronics, starting in March.
Toshiba for the time being will continue to make TVs for the Japanese market.