Toshiba TVs: company to stop producing new sets

The company has now licensed its TV business in the region to Taiwan's Compal Electronics, with this "new business structure" scheduled to start delivering products to North America from March.

And North America isn't thought to be the only market in which Toshiba is reviewing its TV options; it has confirmed that it's looking to overhaul operations in other regions outside Japan.

MORE: IFA 2014 – Toshiba launches U Series 4K UHD TVs

Toshiba is considering a similar move in other international markets, introducing a brand licensing structure in place of its own development and sales – and the target for doing so is April this year.

The reason has been attributed to a slowdown in the global market and "harsh price competition", with the launch of "value-added products" such as large screen models proving unsuccessful.

A spokesperson said: "Toshiba will continue to refine optimal business structures for securing stable profit, and to develop new technologies and services across its diverse business fields."

MORE: Sony to offload TV and mobile phone division?

It follows the news that fellow Japanese manufacturer Sony was reportedly considering the sale of its own TV division as pressure from declining margins and longer replacement cycles mounts.

Sony CEO Kazuo Hirai was quoted by reporters at CES 2015: "Within [electronics], there are some operations that will need to be run with caution - and that might be TV or mobile, for example."

And, according to Reuters, other manufacturers to implement new TV business structures include Panasonic in the US and Sharp in Europe. But Toshiba's own European fate is as yet unknown.

MORE: 7 of the best 4K TVs for 2015

[via Reuters]

Pete was content editor on What Hi-Fi?, overseeing production and publication of digital content. In creating and curating feature articles for web and print consumption, he provided digital and editorial expertise and support to help reposition What Hi-Fi? as a ‘digital-first’ title; reflecting the contemporary media trends. He is now a senior content strategist. 

Latest in Televisions
RCA Roku TV 24-inch (RK24HF1) small TV
My favourite kitchen TV has dropped to under £100 for Amazon Spring Deal Days
Sony XR-48A90K
Amazon has slashed the price of this five-star Sony OLED, but we have found an even better deal
LG OLED42C3 and OLED65C3 in What Hi-Fi? test rooms
Amazon has slashed the price of a five-star LG OLED TV for its Spring Sale – but I wouldn't buy it
LG C5 55-inch OLED TV
Now is a great time to buy a new OLED TV, but not a 2025 model
Sony Bravia 8 65-inch OLED TV
Philips OLED810 vs Sony Bravia 8: how do they compare?
An illustration showing four OLED panels stacked on top of one another and displaying a sunset scene
Primary RGB Tandem OLED TV tech explained: how it works, why it’s better than MLA and how it compares with QD-OLED
Latest in News
Sony WH-1000XM4 on a table with a plant
Some of our favourite-ever five-star wireless headphones have plummeted to nearly half price – £172 off!
RCA Roku TV 24-inch (RK24HF1) small TV
My favourite kitchen TV has dropped to under £100 for Amazon Spring Deal Days
Sony XR-48A90K
Amazon has slashed the price of this five-star Sony OLED, but we have found an even better deal
Fiio FX17 in-ear headphones
Fiio's flagship in-ear headphones are packed full of drivers to put your music in pole position
Apple AirPods Max 2024 in blue finish on bookshelf
Lossless audio and wired listening finally comes to AirPods Max
iFi Valkyrie in gold with a laptop
iFi's flagship iDSD Valkyrie DAC/amp teases cutting-edge tech for a sound that's worthy of Valhalla