It's a rumor no more: TCL has confirmed that it's exiting the gaming console business.
These Chinese electronics manufacturers were announced that it will stop producing game consoles by April 2018, and instead focus on its existing its other businesses such as smart TVs and home appliances.
The Chinese company expects to slash more than a thousand jobs as a result. The departure of TCL from the market leaves just three major manufacturers producing its home video game consoles such as Microsoft Xbox, Sony PlayStation and Nintendo Switch.
