Audiovox Says Goodbye to LCD TVs

Never heard of, or seen an Audiovox branded LCD TV? Don’t worry, you’re not alone but, to those loyal Audiovox fans out there, if there happen to be any, I bring you sad news.

It was recently announced that due to the declining state of the world’s economy, that Audiovox will no longer produce LCD TVs, along with laying off a modest 8% of it’s employee base. Hoping that this will cut down the companies losses, Audiovox hopes to reduce expensives a full $8 million with the move away from LCDs.

While this may be unfortunate to some, it’s no surprise that the lesser known companies are having a hard time keeping up with more popular brands, like Samsung and Sony, especially during this economy crisis.