Sony exits optical drive market

Posted on Monday, August 27 2012 @ 21:14 CEST by Thomas De Maesschalck

Word has hit the wire that Sony is closing Optiarc Inc, its subsidiary that produces optical disc drives for computers.

Sony commands about 15 percent of the ODD market but company officials are quoted stating that the business is no longer profitable as fierce competition forced prices down.

Don't worry about the future of your Blu-Ray and DVD player just yet though -- the company will continue to manufacture both as part of its Device Solutions Division.

The unit will be shut down by March 2013, with around 400 employees being offered early retirement and others being moved to other parts of the business.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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