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Rumor: Pioneer Cutting TV Division

Times are tough for the tech industry; manufacturers are losing money hand over fist, jobs are getting cut, and retailers are shutting down. All across the board people are feeling the crunch, but no area of the consumer electronics industry has been hit harder than the high-end HDTV market. While low-end and mid-range models have either maintained sales or experienced slight growth, big-ticket TVs have been glued to store shelves, collecting dust. To combat the recent lull in sales many display manufacturers are making deep cuts in production costs to prevent critical losses, and it seems Pioneer might be gearing up to do the same.

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