Toshiba Loses Nearly $1 Billion in the HD Format War

March 17th, 2008

DiscNo official numbers are available yet, but the Nikkei business daily estimates that Toshiba will book a $986 million loss in its high-definition business. This is due to Toshiba’s HD-DVD format losing out to Sony’s Blu-ray.

(via Engadget)

Update: Toshiba has released official numbers estimating its loss to be about $666 million.

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