Sony to Stop Making Rear-Projection TVs

Sony is dropping its money losing rear-projection TV business worldwide to focus on two flat-panel technologies - liquid crystal display and organic light-emitting diode. Sales of rear-projection TV's had been declining recently as LCD TV's gain in popularity and get bigger. In October, Sony lowered its global sales forecast for rear-projection TVs, which uses a projector to create images on large screens, to 400,000 from 700,000, which is down from 1.1 million the previous fiscal year. By contract, Sony expects to sell 10 million LCD TVs this fiscal year through March, up from 6.3 million the previous year.