HD-DVD Nets Toshiba A Cool $1bn Loss - Ouch!
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Abandoning the HD-DVD format has resulted in a massive loss for Toshiba, to the tune of $1bn (well $986 million to be exact), according to Reuters.
This is an amazing statistic and just goes to show that losing a battle with a rival in the current technology climate can have huge implications on your year-end profits, let alone the fact that if you are not established in other markets you could go out of business altogether.
I don’t know about you, but when I read out $1bn to myself, I’m saying it in an Austin Powers voice.
Out of interest, did any readers purchase a HD-DVD unit? If so, what will you be doing with it now? Do you have a creative use for it?
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