Toshiba suffers massive drop in profits due to exit from HD DVD business

Posted: April 28, 2008 in Tech

Toshiba has come out with their latest revenue report and the company has posted a huge drop in the net profits.

This is mostly due to the losses they had to suffer after they announced exit from the HD DVD business.

Toshiba’s net profit in the quarter was 1.25 billion yen. This was a drop from profits of 26.17 billion yen in the same period last year.

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