Page last updated at 13:08 GMT, Friday, 19 September 2008 14:08 UK

Toshiba warns it will make a loss

Toshiba headquarters, Tokyo
Weak demand and falling prices for flash memory have hurt business

Toshiba has said it will swing into the red in the first half of the year, the first time in five years. It blames falling chip prices and weak demand.

The Japanese electronics giant said it expects to post a 30bn yen ($281m; 153m) operating loss in the six months to September 2008.

In the same period last year it made a profit of 45.7bn yen.

The global slowdown and a fall in the price of flash memory - used in digital gadgets - was to blame, Toshiba said.

"We apologise that the company has to greatly lower the business forecast," said Toshiba vice president Fumio Muraoka.

Toshiba has been affected by its next-generation high definition DVD format, HD-DVD, losing out to Sony's Blu-Ray.




SEE ALSO
Toshiba's computer chip unit hit
29 Jan 08 |  Business
Sony sees sharp fall in profits
29 Jul 08 |  Business
HD DVD defeat hits Toshiba profit
19 Mar 08 |  Business
Japanese inflation at decade high
25 Jan 08 |  Business
Technologies on the rise in 2008
01 Jan 08 |  Technology
'Healthy demand' boost for Intel
15 Apr 08 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific