This morning it looks as though the inevitable will indeed finally come to pass, with news coming across the wire from Toshiba that they're finally bowing out of the high-def format battle, ending further development of HD DVD products and that factories were being closed. NHK online reported "The Blu-ray format now makes up 90 percent of the Japanese high-definition DVD market after winning last year's price war for DVD recorders and players."
With Toshiba officially throwing in the towel there is sure to be a surge in Blu-Ray sales, with many consumers waiting for the other proverbial shoe to drop before making a purchase. Here's hoping that prices won't climb as a result of this announcement but if they do, maybe consumers who were also smart investors could cut back on the sting a little bit while shares of Sony most likely head for an uptick. Walmart better be ready with extra greeters on hand, as a few folks stream in with returns, now that the holiday HD DVD blowout buzz is over like a bad hang-over, realizing their players eventually will be nothing more than standard DVD spinners or up-scalers at best.