Funai gets boost from Blu-ray, converter boxes

FROM TWICE: High-def players help lift operating income 108.8%

By Greg Tarr of TWICE -- Video Business, 11/17/2008

NOV. 17 | FROM TWICE: Sales of new products such as U.S. TV converter boxes and Blu-ray Disc players boosted Funai Electric’s operating income 108.8% to compensate for a 7.5% year-on-year decline in sales of mainstay products, the company reported in its consolidated financial results for the first half (April to September) of fiscal 2008

According to a report from the Nikkei news service, Funai said mainstay product sales declined to about $1.49 billion while operating income surged 108.8% year on year to $44.6 million with the help of revenue from set-top boxes and Blu-ray Disc players in the United States.

The new device categories made up for decreased sales of Funai staples including CRT TVs and DVD players, according to Nikkei.

Read the full story on TWICE.com.

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