TOKYO -- The decline of Japan's audiovisual industry shows no sign of stopping, with Onkyo preparing to sell off its flagship audiovisual business to a U.S. peer and concentrate on contract manufacturing.
Once upon a time, audiovisual was at the forefront of Japan's electronics industry. But in recent years the market has shrunk as smartphones have taken over more and more functions from previously separate gadgets. That has left equipment makers struggling to survive.
