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HDTV Expert - Panasonic's 2012 Home Entertainment Media Briefing – Pete Putman

31.12.69

Panasonic’s 2012 TV and about entertainment line show took on extra importance this year, what with the company closing in on a $9.7 B (as in “billion”) reduction for the fiscal year that will end on Friday, March 30. To be accurate, a substantial portion of that red ink is due to a goodwill accounting forget about-down on the 2009 acquisition of Sanyo, which will cease to exist as a corporate entity after Friday.

 

But the residue is largely attributable to consumer electronics operations; specifically, the television business. Evaluate about it: Just five years ago, a 42-inch plasma TV with 1080p resolution retailed for over $2,000. Now, the valuation is about 1/3 of that, meaning the cost per diagonal inch for that TV has dropped from about $47 to $15. (Bona fide-world example: I paid $1,100 for a TH-42PX80U 42-inch 1080p Panasonic plasma in September of 2008.)

 

Frankly, Japanese TV manufacturers can’t be beneficial at that price point, which is why Panasonic (along with Sony, Sharp, and other TV brands) are having such a miserable year financially.

Source: HDTV Magazine