Monday, 26th April 2010
In Business In Japan,
Sony to end floppy disk production in Japan
Electronics manufacturer Sony has announced it will cease production of its floppy disks in Japan early next year due to poor consumer demand.
The firm revealed it will stop selling the products in Japan after it implemented a similar policy for other countries last month.
Sony enjoyed a 70 per cent share of the floppy disk market in Japan and has been the leader since it began producing them nearly 30 years ago.
Demand for floppy disks peaked around a decade ago and since then, the rise of DVDs, CDs and USB sticks means the consumer appetite for them has diminished.
Production of the disks will cease in March 2011.
Despite dwindling demand for its floppy disks, Sony recently announced a rise in quarterly profits.
The electronics company announced its October to December profits stood at $871 million (£548 million) and said that the information was better than it had predicted.
Written by Kimberley Homer.
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