Hasta La Gadget!

Pioneer’s television business has become the latest victim to the troubled economy. The consumer electronics company will stop making plasma and LCD TVs, according to a report in Japan’s Nikkei newspaper.

The move comes after the company said last year that it will stop manufacturing plasma TV panels and would instead source it from Matsushita, now a part of Panasonic.

Some keen eyes spotted the absence of LCD TVs at the Pioneer booth in the Consumer Electronics Show last month, which seems to indicate the decision may have been taken more than a few weeks ago.

Pioneer will also shift its DVD player division to integrate it into a new joint
venture with Sharp, reported the Nikkei.

[via PC World]

Photo: Pioneer TV (Gone-walkabout/Flickr)