JVC to Offer First HD Digital Video Camera for Consumers
Jan 22, 2003
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Victor Co. of Japan (also known as JVC) said on Wednesday that it will launch in Japan in early March the world's first high-definition digital video camera for consumers. Currently, such video cameras are available only for professional use.

Using conventional mini DV (digital video) cassette tapes, the "GR-HD1" will reportedly be able to record and play back high-definition (HD) digital video images, said the Japan-based audiovisual equipment maker. The company, a unit of Matsushita Electric Industrial Co., plans monthly production of 1, 000 units of the video camera.

The company also said it will introduce the new product in the U.S. later this year. It will also release the professional version of the product later in the year.

The consumer product will be priced at about Y400,000 apiece (approximately U.S. $ 3,381), while the professional-use product will likely be priced at about Y600,000 (approximately $5,070), the company said.

Target customers will be high-end users because users will need high- definition television sets to view the high-definition images recorded by the camera, JVC said. (Dow Jones)

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