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"Toshiba has announced that it is ending its domestic production of flat-panel television sets in a bid to boost revenue. The Japanese manufacturer aims to double its annual operating profit to \u00A5450 billion ($3.5bn) by the end of 2014-15, and is shifting its focus towards social infrastructure business and electronic devices.  Toshiba, which was losing \u00A550 billion (\u00A3392 million) per year through its domestic TV business, saw its shares rise by more than 5% in Tokyo in the wake of the announcement, CNET understands. &amp;quot;We have shut down our domestic TV production. We are looking at all areas [of the TV business], number of models, numbers of panels, in order to restrengthen this division,&amp;quot; said Toshiba CEO Norio Sasaki.  The executive went on to say that he believes the firm can still profit from its television business, and has no plans to withdraw from the sector altogether. However, it will cut the number of TV models it sells by 60% by 2013. Toshiba has a lucrative partnership in place with Apple developing NAND flash memory chips for iPad and iPhone devices, which has helped the firm compensate for its fortunes in the TV market. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/television/news/a382184/toshiba-reins-in-tv-production/>