"Plasma TV Sales Dropping Like a Rock"

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dbnnet

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"Panasonic, one of the last major TV manufacturers to champion plasma TVs, is now probably regretting that decision. The company just posted a $10 billion loss for the year, and one of its biggest losers is the plasma TV category, where sales fell way short of expectations.

Plasma TV sales only hit about 59% of what the company had predicted. Revenue on Panasonic's balance sheet from plasma sets was $3.5 billion, down from $6 billion the year before".

From Yahoo News
 
Also, sensationalist thread is sensationalist. Funny how Sony also reported $5bn losses - and they pulled out of plasma in like 2005 already! :D The losses are clearly to do with the earthquake/tsunami, Europe crisis, general world economic climate etc.

Fist two hits on Google:

Panasonic posts record annual loss

After electronics maker Sony posted a $5-billion loss yesterday, another Japanese electronics maker has revealed that they operated at a loss. Panasonic posted a record annual loss of Y772.2 billion ($9.68-billion), which also caused their share price to fall to a 30-year low.

Panasonic president Fumio Otsubo (image: Panasonic)

The company blamed the Japanese earthquake and tsunami of March 2011, which resulted in a loss of electricity in large parts of Japan – which in turn led to lower domestic sales. The global economic crisis also took its toll on the manufacturer, as sales dipped in their televisions and digital cameras segments.

“Panasonic’s poor performance follows record annual losses for rival Sony. On Thursday, Sony announced its worst ever annual loss of $5.7 billion in the fiscal year ending March. However, it was lower than beleaguered electronics giant’s previous estimates of finishing the year $6.4 billion in the red,” writes CNN.

Just as with rival Sony, Panasonic has a plan in place which it hopes will curb the downturn – a project called Green Transformation 2012.

“With sales increases in products, such as air conditioners and refrigerators, meeting local needs in India and Brazil, and HIT solar cells by maximizing Panasonic Group sales strength in Japan, the positive results have started showing in some regions and businesses,” Panasonic said in a statement.
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Japanese electronics giant Panasonic today reported a record net loss of 772.2 billion yen ($9.7 billion) for the year to March due to a range of factors including natural disasters, the strength of the yen and the deepening European debt crisis which has sapped demand for the company’s televisions.

According to Agence France-Presse, the shortfall was one of the worst-ever losses reported by a non-financial Japanese firm and comes a day after rival Sony reported a record annual loss of $5.7 billion.

Panasonic said it sales fell 10 percent from a year earlier to 7.85 trillion yen as LCD television sales plummeted 28 percent and plasma television sales slumped 41 percent, CNET reported.

The company blamed the dismal result on electricity shortages caused by Japan’s devastating earthquake and tsunami last year, supply disruptions in flood-hit Thailand and a strong yen eating into overseas demand, according to the BBC.

The ongoing debt crisis in Europe also hurt sales of Panasonic’s products as consumers in the region cut back on spending.

Despite the heavy loss, Panasonic said it expects to return to profitability this year with a net profit of 50 billion yen as it reshuffles its leadership and cuts costs, News.com.au reported.

"Although the company expects some risks to continue, the global economy is expected to show a slow recovery in fiscal 2013," the firm said.

Investors didn’t share the company’s optimism, sending its shares to the lowest level in 30 years in Japan trading today, according to the Wall Street Journal.
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Some two years ago the California Energy Commission introduced regulations on how much power televisions can consume in California beginning in 2011, with even stricter standards due to take effect next year (2013). This was the beginning of the end of Plasma in the USA.
 
What I'm finding funny is the article mentions somewhere 'revenue on Panasonics balance sheet'. Sorry to say but revenue never touches the statement of financial position (balance sheet). Instead it goes to the statement of comprehensive income.
 
dbnnet said:
Some two years ago the California Energy Commission introduced regulations on how much power televisions can consume in California beginning in 2011, with even stricter standards due to take effect next year (2013). This was the beginning of the end of Plasma in the USA.
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Thankfully California makes up <1% of global TV sales.

Could you paste the info? I find this interesting considering CRT is on par with plasma.
 
Why would a manufacturer ditch the best technology the planet has seen?

Unless of course ... um ...
 
I was wondering how long it would take for postman to start frothing at the mouth when I saw the thread title :p
 
So can I get a huge plasma for cheap ? A Panasonic would be good ! 60" ? Let me know !!!

I still like plasma, especially at the right price!

Edit: Maybe I can get a cheap solar panel / battery to power it !!!
 
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Rocket-Boy said:
I was wondering how long it would take for postman to start frothing at the mouth when I saw the thread title :p
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I think he's searching Googling to counter this with how great some of the plasma sets from Samsungs, [-]Sony[/-], LG, [-]Hitachi, Toshiba, Pioneer, Fujitsu, NEC[/-], Sanyo, [-]Philips, Vizio[/-] actually are ....

EDIT : Amended those that have ceased production
 
Reminds me of the days when gamers refused to buy LC monitors because of poor response time. Amazingly, it didn't take long for them to dump their CRT's and move on.
 
Rocket-Boy said:
I was wondering how long it would take for postman to start frothing at the mouth when I saw the thread title :p
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Water off a duck's back mate. Plasma power usage myths have been written off long ago and it's no surprise to see the usual non owners whining about it. If you want to save R20 per month then good for you. Plasma power usage has been demonised to death. Of course it makes sense to shift to LCD tech, more profit in it. I will jump ship once entry-mid LCD quality rivals PQ of entry plasma. I like both techs!
 
vinodh said:
Reminds me of the days when gamers refused to buy LC monitors because of poor response time. Amazingly, it didn't take long for them to dump their CRT's and move on.
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But CRT is a superior tech for response time and PQ. The reason people jumped ship is because the industry forced it through high res and wide screen and cheap prices. CRT is far too expensive to produce in high res wide screen and is large and heavy. All the above can be applied to the plasma vs LCD debate, the similarities cannot be missed. Carry on defending the profit-based decisions of the Brands all. :D
 
Did you see the sammy 40inch D550 for 4k at makro?
 
Problem is the manufacturers are probably not going to support plasma for all the new features like android and advanced internet functionality that will start being built into new LED TVs. Plasmas will die out pretty soon irrespective if it has some die hard fanbois.
 
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