Techotic

Toshiba has said that its decision to stop manufacture HD DVD will cost the company $666 USD million in profit for 2007.

In February, Toshiba, the Japanese electronics giant pulled out of the HD DVD format battle, having been defeated by its Sony-backed rival, Blu-ray. Its decision to pull out of the battle and admitted defeat when Warner Bros said it only release its films in Blu-Ray format. Sony Pictures, Walt Disney and Twentieth Century Fox also said that they’re only releasing films in Blu-Ray as well.

Toshiba expects group profits to be 125bn yen, down from a 137.4bn profit in the previous year.