Thursday, August 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Offers New Smart Tennis Sensor
Microsoft to Announce Windows 9 on September Event: report
Acer Unveils New Chromebox CXI and Chromebook 11
Fraunhofer To Showcase The Future Of TV at IBC
Intel, Chunghwa Telecom Team up on Internet of Things
Sharp Launches 12-Mpixel CMOS Sensor for 4k Video
LG Delivers New Bluetooth Minibeam Projector, More L Series Smartphones
HP Reports Revenue Gain
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > Consumer Electronics > Panason...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, February 01, 2013
Panasonic Returns To Profitability


Panasonic returned to profit last quarter helped by aggressive cost cuts, despite a decline in sales.

The Japanese company posted a net profit of 61.4 billion yen ($667 million) in the October-December quarter versus a Y197.6 billion loss in the year-ago period.

The company said global demand weakened for flat panel TVs and digital products and devices, but sales grew in LED lighting and auto-related equipment.

Panasonic is undergoing a radical shift in strategy, turning away from its once mainstay consumer electronics business to focus on more industrial products that offer better profit margins. Panasonic plans to streamline its operations, focusing on fewer businesses and employing less staff.

Instead of competeing against S. Korean giants Samsung Electronics and LG Electronics Inc. in the TV industry, Panasonic sees more opportunity in constructing environmentally friendly buildings equipped with its energy-saving appliances and its renewable energy products such as solar panels.

The yen's slide since mid-November also helped Panasonic increase its earnings made abroad.

The company also kept its forecast for a net loss of 765 billion yen for the business year.


Previous
Next
ASUS Releases the WL-330NUL Pocket Router        All News        Sharp Posts Small Q3 Profit
End Of Era For Sony MiniDisc     Consumer Electronics News      Sharp Posts Small Q3 Profit

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic and Tesla Sign Agreement for the Gigafactory
Panasonic Seeks To Sell Its Mobile Base Station Business to Nokia
Panasonic Updates Toughpad FZ-G1 10-inch Tablet
Intel To Manufacture Future Panasonic SoCs Using Intel's 14nm Low-Power Process
Panasonic Releases Its 2014 Life+Screen AX800 Series 4K Ultra HDTVs
Fujitsu Buys Shares of Panasonic Information Technology Solutions
Panasonic, Samsung Debut Devices For Connected Classrooms
Panasonic Toughpad Line Gets Smaller And Tougher with Rugged Handheld Tablets
Panasonic Weakens Its Research Team
New Panasonic Lumix DMC-FZ1000 Comes With Fast lens And 4K Recording Capability
Toyota, Panasonic Cloud Service Links Cars to Home Appliances
Panasonic to Recall PC Batteries

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .