Your browser is not Javascript enable or you have turn it off. We recommend you to activate for better security reason<div class="billede"><img src="pictures/mini-panasonicax900-2.jpg" alt="Panasonic AX900"></div>Panasonic swings back to profit after plasma exit - FlatpanelsHD

Panasonic AX900
Panasonic swings back to profit after plasma exit

29 Apr 2014 | Rasmus Larsen |

Panasonic is back in profit after shutting down the plasma TV and smartphone divisions. Panasonic expects profits to rise in the coming year as they will start focusing on 4K LCD TVs and later OLED TVs.

Goodbye plasma, hello profits

Panasonic produced great plasma TVs, but struggled to make the TV division profitable. So last year they decided to shut down plasma production by the end of December 2013.

From an economic view point this was probably the right decision as Panasonic has reported 120.4 billion yen ($1.17 billion) in profits for the fiscal year ending March 2014, compared with 754 billion yen losses last year.

Panasonic AX800


This also marks the first time in three years that Panasonic has been profitable and they expect profits to rise to around 140 billion yen next year. A weaker yen and job cuts has also helped boost sales.

In the coming months and years Panasonic will focus on 4K and OLED. Panasonic currently has no mass-scale OLED production, but is rumored to be interested in buying OLED panels from LG.



Latest news

Apple Arcade

Apple Arcade now open with 100 games for $5/month

19 Sep 2019 | Rasmus Larsen |
8K Ultra HD

8K Ultra HD TV specifications & logo announced

18 Sep 2019 | Rasmus Larsen |
Philips Hue

New Philips Hue HDMI box syncs your lights with your TV

18 Sep 2019 | Rasmus Larsen |
Peacock

NBCUniversal introduces Peacock streaming service, new home of 'The Office'

18 Sep 2019 | Rasmus Larsen |
Android TV

Android TV roadmap for 2020 & 2021: Google Stadia, 'hero device', more ads

17 Sep 2019 | Rasmus Larsen |
Sony Crystal LED

Sony's first 8K & 16K microLED displays will cost millions

16 Sep 2019 | Rasmus Larsen |
YouTube Leanback TV

YouTube pulling the plug on its browser solution for TVs

16 Sep 2019 | Rasmus Larsen |
The resolution gap

The resolution gap

13 Sep 2019 | Yoeri Geutskens |