Pioneer will retire from the television market

According to Nikkei business, Pioneer will announce on February 12 its intention to withdraw from the market of flat screen televisions completely.
Initially, the company had announced its intention not to manufacture screens and to use those of Panasonic. But since, the economic crisis and the increase in the value of the Yen, this activity became far too competitive.
Pioneer will centre itself towards other less competing and more lucrative activities.