Sony bows out of OLED TV business

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Aside from the obvious product releases come the start of CES on Monday like ultrabooks and tablets, many are looking forward to OLED TV announcements from the usual suspects. Unfortunately, that doesn’t include Japanese electronics giant Sony, as it seems that they have decided to bow out of the OLED TV business, at least for consumers. The firm has stated that they’ll be sticking with the tried and proven LCD panels with their TVs. This announcement is a disappointment to many, as Sony was the first company to ever make a commercial OLED TV roughly 5 years ago – the XEL-1.

Source: Daily Yomuri Online