Pioneer may exit TV business

Apparently, it loses money.  Which is surprising, and not.  Surprising, because Pioneer's flat-panel televisions are generally recognized as the best.  Not surprising, because they cost about twice what a high end HDTV plasma from, say, Panasonic does, and while the quality is impressive, few people are willing to pay an extra $2500 for it.  Being the high cost provider of a rapidly depreciating luxury good is not the market niche you want in a global financial crunch. 

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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