Japanese company Funai pulls the plug on VCR production - News Summed Up

Japanese company Funai pulls the plug on VCR production


A company spokesman, who requested anonymity citing company practice, confirmed Monday that production will end sometime this month, although he would not give a date. Japanese electronics maker Funai Electric Co. says it's yanking the plug on the world's last video cassette recorder. Funai will continue selling VCRs through its subsidiary until inventory runs out and will provide maintenance services as long as it can, the company spokesman said. He said the company would like to continue production to meet customer requests, but can't because key component makers are pulling out due to shrinking demand for VCRs. "I think only hard-core fans of old machines are going to be using VCRs," said Isao Tokuhashi, author of "My Eyes Tokyo," a book about newsmakers in Japan.


Source: CBC News July 25, 2016 13:30 UTC



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