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Toshiba set to lose $1 billion over HD-DVD format death
Toshiba set to lose $1 billion over HD-DVD format death
Digital Journal - March 17, 2008
Submitted by vGInfidel (150) at 6:19PM PST on March 16, 2008
Toshiba wasn’t going to lose the next-gen DVD battle and leave unscathed. According to the Nikkei business daily, Toshiba will likely face a 100 billion yen ($986 million US) loss in its HD DVD business. The death of HD DVD is also expected to post a full-year profit of 250 billion yen ($2.5 billion US), falling short of its outlook.
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