April 8 (Bloomberg) -- Sharp Corp., Japan’s largest maker of liquid-crystal displays, posted a wider-than-forecast 130 billion yen ($1.3 billion) loss as the slump in electronics demand forced the company to shut plants and write down gear.
“We are facing falling prices for LCDs and LCD TVs, and a slowdown in sales growth of those products,” Katayama told reporters in Tokyo. “Also, we are losing our competitive edge in the LCD business at our old LCD TV factories.”
The home entertainment electronics industry is going through a major cooling down period. (Note Pioneer's surprise decision to shut down production on TV sets completely in February: http://www.dtvusaforum.com/television-sets-flat-panel-dlp-crt/1599-pioneer-quit-selling-tvs.html)