Panasonic due to exit plasma market by March 2014

In Industry News On
- Updated

Further to reports by IER in March and April regarding Panasonic’s planned exit from the plasma TV market, media sources have indicated that a full withdrawal from this market is scheduled for March 2014, although there is no official word from Panasonic at this stage.

Nikkei Business Daily and Reuters have also said in their reports that following this withdrawal, Panasonic’s intention will be to close and put up for sale the plasma panel production factory in Amagasaki, Japan.

In its last financial year, Panasonic’s plasma screen division made a loss of 754bn yen (£4.85bn), following a 772bn yen loss the previous year.

It is widely believed that the rise of OLED and 4K has hastened the financial decline of plasma, leading to this reported course of action to be taken by Panasonic.

You may also read!

Hotpoint launches GentlePower washing machine

Hotpoint has launched a premium range of washing machines, which includes a 9kg, ‘A’ energy rated, GentlePower washing machine

Read More...

Fisher & Paykel’s first induction hob with integrated ventilation

The newest addition to the Fisher & Paykel appliance range is the brand’s first induction hob with integrated ventilation.

Read More...

Caple debuts its new induction downdraft extractor

Caple’s new induction downdraft extractor (DD810BK) features an integrated motor, which is located just below the hob. When using the

Read More...

Mobile Sliding Menu

©2021 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY
open