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
Amazon Fire TV Omni Mini-LED 65-inch TV
Amazon Fire TV Omni Mini-LED (ML65F700)
Samsung QE65S95D QD-OLED TV
This five-star Samsung S95D OLED TV has hit its lowest price ever
Apple HomePod 2 with Apple TV 4K
The new iPhone SE 4 could be cool – but I want a proper OLED Apple TV
TCL 32SF540K 32-inch TV
My favourite 32-inch TV is cheaper than ever right now
Hisense U7N (65U7N) mini LED TV
I’ve tested some of the best and the big problem with Mini LED TVs is they try too hard
The Sky Glass TV pictured on a white stand at a launch event
Sky Glass Gen 2
Latest in News
Musical Fidelity B1xi
Musical Fidelity's new stereo amplifier houses HDMI ARC and a built-in phono stage
A close-up of the FiiO FT7 headphones' earcups.
FiiO's FT7 flagship headphones take the fight to pricier rivals
A grey WiiM Vibelink Amp on a wooden cabinet between two bookshelf speakers.
The WiiM Vibelink Amp is WiiM's first integrated amp with no streaming elements
Q Acoustics 3050i
Save £650 on this five-star Q Acoustics 5.1 home cinema setup
Optoma Photon Go on white background
Optoma's new on-the-go projector is set to be one of the cheaper USTs on the market
Marantz Cinema 30 AVR
Our Award-winning reference Marantz AVR is still selling at its best price ever