Sony quits optical drive business
The Japanese tech giant Sony has decided to exit the optical drive market due to fierce competition and low prices, which made the business to operate at a loss despite controlling nearly 15 per cent of the market.
To exit the market Sony will close Optiarc Inc., which is a Sony subsidiary making optical drives for PCs. The company closure will have taken place by March next year with its nearly 400 employees being offered early retirement or a move to other parts of the Sony business.
Sony will keep on making DVD and Blu-Ray players though so the company won’t quit the optical movie disk business although this is also likely.