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Hitachi chairman talks about industry consolidation

Japan's electronics makers need to also sell services

The electronics industry isn't what it used to be. Time was when gadget makers could inspire lust in certain segments of consumerdom, charge high prices and come away with healthy profits.

These days, the electronics industry finds itself dealing with a different kind of Japanese consumer, one who cares about price and only price. As a result, the industry has fallen into a fragile situation, Hitachi Chairman Hiroaki Nakanishi recently told The Nikkei.

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