Sharp abandons TVs in the US, hands keys to China's Hisense

[froggyboy604]

Sharp's financial problems have forced it to leave the LCD TV business in North America. Chinese TV maker Hisense has paid a mere $23.7 million for the company's Mexican factory and the right to use the Sharp brand in North and South America. Sharp lost 34 billion yen ($274 million) last quarter and $13.4 billion over the last four years, according to Bloomberg. Though the Japanese company recently received a $1.8 billion bailout, president Kozo Takahashi said "we have to consider all options, including a spinoff of the LCD business. The LCD market is changing very rapidly."

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It is too bad that Sharp is no longer making TVs for the US, and sold their TV factory to Hisense. I heard Hisense made good cheap tablets, and TVs.

 

[Demon_Skeith]

I think I use to have a sharp tube tv, those were good tvs.

 

[froggyboy604]

A family member also used to have a Sharp Tube TV. It lasted for many years, and was given away to another family member which probably used it for a few more years until she upgraded to an LCD TV.

The TV was pretty good for an affordable TV.

It is kind of sad how a lot of Japanese TV makers like Sharp, Toshiba, Sony, Mitsubishi, and Panasonic are not doing as great these days compared to the past where a lot of people buy Japanese TVs.