Sony wasn’t the only major CE manufacturer to lose a bunch of cash last year. Panasonic did too. Except Panny’s loss was to the tune of $3.95 billion, which is slightly more than Sony’s $1.03 billion write-down.
Panasonic (JP:6752) said the result reflected the impact of the stronger yen, collapsing demand and persistent price-deflation in electronics goods.
There you have it. Did you expect anything less? It’s pretty basic: US consumers didn’t buy as many of Panasonic’s wares because of the failing economy. Ah, well. What can you do. It’s just $3.95 billion.
- Founded 1918
- Overview Panasonic Corporation manufactures and sells various electronic and electric products under the Panasonic brand name worldwide. The company provides digital AV products, including flat TVs and projectors, Blu-ray disc players and recorders, Blu-ray disc theaters, DVD players and recorders, DVD home theaters, digital cameras, digital video cameras, dual cameras, accessories, and other products; mobile …
- Location Kadoma, Osaka
- Categories Hardware + Software
- Website http://www.panasonic.com
- Full profile for Panasonic
- Founded 1946
- Overview Sony Corp is a multinational conglomerate corporation that designs and develops electronic equipment, instruments, and devices for consumer, professional, and industrial markets. The company’s product portfolio includes LCD televisions, audio systems, Blu-ray disc players, memory-based audio devices, personal computers, interchangeable single-lens cameras, mobile phones, tablets, accessories, applications, …
- Location Tokyo, Tokyo
- Categories Consumer Electronics, Hardware + Software
- Website http://www.sony.net/
- Full profile for Sony Corp