Panasonic announces discontinuation of Blu-ray discs next month

by ddos ·

Panasonic announced that it will stop producing Blu-ray discs in February this year. At that point, all publicly available products of this type will be discontinued, and no successors will be announced, although Blu-ray recorders will continue to be produced. Panasonic said that due to the decline in demand for Blu-ray recordable discs, this type of product is also difficult to maintain profitability.

Panasonic has sold Blu-ray discs since 2006 and has sold more than 330 million discs so far. In the past, many people would choose to use recorders to burn CDs to store data, but with the development of the times, the network has become more and more developed, and the price of large-capacity hard drives has become cheaper and cheaper. The method of using burning discs to maintain data has basically no advantages, and the profits are getting lower and lower. Manufacturers have chosen to stop developing and selling such products.

Game console players are no strangers to ordinary Blu-ray discs, and they will see them when they buy physical and genuine physical games. Even though the Internet speed is getting faster and faster, many players may choose subscription services to download games, but there are still quite a few players who are willing to buy physical games because it is convenient for second-hand transactions and does not need to rely on the Internet.

However, the cost of Blu-ray recording is higher and the demand is less. It is understandable that Panasonic chose to give up. It not only caters to the changes in the way people store data but also can reduce expenses and better focus on the main business in the macro environment of the current economic downturn.

Via: Reddit

Tags: Blu-ray discsPanasonicPanasonic Blu-ray discs