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RumorTT: Panasonic could leave the plasma TV business

RumorTT: Panasonic could abandon the plasma TV business

By Anthony Garreffa from Mar 18, 2013 @ 5:38 CDT

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.

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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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