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 AX900Panasonic swings back to profit after plasma exit">

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

Greyhound Apple

Apple eyes more blockbuster movies after 'Greyhound' success

06 Aug 2020 | Rasmus Larsen |
Philips Ambilight TV

Philips debuts new 4K LCD TVs with Ambilight

05 Aug 2020 | Rasmus Larsen |
Mulan

'Mulan' to skip theaters and premiere on Disney+ in September

05 Aug 2020 | Rasmus Larsen |
Apple TV

Guide: Apple TV app vs. Apple TV box

04 Aug 2020 | Rasmus Larsen |
Panasonic HZ2000

Panasonic launches new flagship HZ2000 OLED TV for 2020

31 Jul 2020 | Rasmus Larsen |
Ready for PlayStation 5

Sony unveils first 'Ready for PlayStation 5' 4K & 8K TVs

29 Jul 2020 | Rasmus Larsen |
Movies delayed

Hollywood just postponed (almost) all major movies

29 Jul 2020 | Rasmus Larsen |
YouTube Music Android TV

YouTube Music debuts on Android TV inside YouTube app

28 Jul 2020 | Rasmus Larsen |