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The company said it aims to double its annual operating profit to 450 billion yen ($5.6 billion). In doing so, it will put a stop to the production of televisions in Japan, in which the business saw a 50 billion yen ($620 million) loss a year earlier.

Instead, it will focus on its social infrastructure business and electronic devices.

"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," Toshiba CEO Norio Sasaki told reporters.

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Thankfully, the new StudioMonitor 55s (and smaller SM45s) aren’t just the same old boxes with a new-color grille cloth. In my opinion, the updated cabinet styling gives the StudioMonitors a softer, more “living-room-friendly” look. More important, however, are the several enhancements to the speakers’ insides, notably revisions to the bass drivers that result in speakers capable of ultra-revealing midrange detail and exceptional low- bass performance for their size and price. Together with the CS-8040HD and SuperCube 6000, the Definitive Technology StudioMonitor 55 and StudioMonitor 45 speakers make an excellent, lively, and affordable home-theater system that won’t take up much space but will capture a great deal of attention.

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News that Sony and Panasonic are in early talks to partner on the production of OLED TVs, could signal a faster than expected reduction in price for the new television technology.

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The collaboration would mark the first time that the two rivals join hands in a core business, the paper said.

The companies, which aim to commercialize OEL TVs by fiscal 2015, are joining hands in hopes of shortening the development time by sharing technologies, according to the Nikkei.

OEL displays, which consume less power and offer sharper images, are widely seen replacing LCDs as the dominant technology in TVs and other devices, the paper said.

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