Sony quits LCD display market

After abandoning Japanese and North American LCD markets, the company has similar plans for the European markets due to low profit margins and general weakness of its LCD business among consumers.

An official spokesman for Sony in Europe is reported to have told Heise Online web-site that the company would introduce several new G-series LCD models this year, but the last shipments would occur in December, 2006. Earlier it was reported that Sony would quit LCD monitor business in Japan and in North America starting from October, 2006, and to cease LCD supplies to other regions in 2007.