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RumorTT: Panasonic could leave the plasma TV business

RumorTT: Panasonic could abandon the plasma TV business

| Business, Financial & Legal News | Posted: Mar 18, 2013 10:38 am

According to a Reuters report, Japanese electronics giant Panasonic could leave the plasma TV business, as part of downsizing their television operations over the next three years starting in the next fiscal year.

 

TweakTown image news/2/9/29166_08_rumortt_panasonic_could_leave_the_plasma_tv_business.jpg

 

Panasonic have already begun selling assets to raise funds, even selling real estate to improve their financial position. Panasonic's TV business generated more than $10.5 billion in sales during the peak 2009/2010 period, but is estimated to earn less than half of that amount going into the 2015/2016 period according to the Nikkei newspaper, not citing any sources unfortunately. A Panasonic spokesperson has said:

 

We are considering a number of options regarding our TV business. But nothing has been decided yet.

NEWS SOURCES:Reuters.com

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