Japan's Toshiba Corp. has slashed its sales target for high definition DVD players and recorders after disappointing sales in the U.S., putting a damper on prospects for one of its growth businesses.While the price of HD DVD players have come down considerably, most consumers are still holding off, waiting to see which format wins. If you'd like to read more, the entire article can be found here.
"Sales in the U.S. have been slower than expected, and we are going to have to lower our U.S. sales forecast," said Yoshihide Fujii, head of Toshiba's digital consumer business.
The electronics group now expects to sell 1 million next-generation optical disc players in North America by the end of calendar 2007, down 44 percent from its previous estimate of 1.8 million unit sales, a Toshiba executive said on Tuesday.
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