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Panasonic will reduce the production of plasma panels
Panasonic will discontinue plasma television because of the end regarding the existing financial year, which leads to March 2021.
This decision is expected to simply help Panasonic decrease losings and enhance its budget. The fact is that within the last few reporting 12 months alone, Panasonic’s TV business revealed running losings of over $ 900 million. In inclusion, the demand for plasma panels is continually falling: in 2021, they accounted for no more than 6% of total television product sales. In comparison, LCD panels take into account 87% of this worldwide marketplace.
It ought to be mentioned that the career of Japanese makers within the international flat-panel television marketplace is less powerful as compared to South Korean organizations. Therefore, the total share of Sony, Panasonic and Sharp is less than 20%. On top of that, Samsung keeps 27.7% regarding the market, while LG has about 15%.
Panasonic stated its thinking about feasible options for changing the plasma business, but no particular choice was made yet.