Panasonic loses $9 billion in 3 months

[Korean]

Panasonic Posts Net Loss of Nearly $9 Billion - WSJ.com

Panasonic Posts Loss of Nearly $9 Billion

HONG KONG—In one of the biggest quarterly losses ever for a Japanese company, Panasonic Corp. 6752.TO +4.47% reported a net loss approaching $9 billion for the three months through September due mainly to massive restructuring costs.

For the full year through March, the Japanese maker of Viera television sets and various other home appliances now expects to post -- for the second straight year—an annual net loss close to $10 billion.

The quarterly loss and the sharply revised forecast took analysts by surprise Wednesday. Analysts polled by Thomson Reuters had predicted a net profit of ¥3.85 billion ($48.4 million) for the quarter.

"We apologize for such a big gap in our outlook," said Hideaki Kawai, managing director at Panasonic who oversees the company's finances at a news conference. "The slump in the digital consumer market was dramatic," he said.

Bye Bye, Japan Inc.

 

[Skull and Bones]

Panasonic isn't doing good in India either, the whole consumer market is captured by Sony, Samsung and likes.

 

[Korean]

Panasonic isn't doing good in India either, the whole consumer market is captured by Sony, Samsung and likes.

Sony's laying off tens of thousands of people too.

The whole Japanese electronics industry is a bust. And there are signs that it's happening in Japan's auto industry too.

 

[kawaraj]

Panasonic is a great company only facing difficulties. Good tech, Responsible firm, and Samsung is just junk compared to it.

 

[Korean]

Panasonic is a great company only facing difficulties. Good tech, Responsible firm, and Samsung is just junk compared to it.

http://news.cnet.com/8301-1035_3-57540753-94/samsung-posts-record-$7.4b-profit-on-strong-galaxy-sales/

Samsung posts record $7.4B profit on strong Galaxy sales

South Korean electronics giant reports that its Galaxy line contributed half its revenue for the quarter, which nearly doubled over the same period last year.

by Steven Musil October 25, 2012 5:34 PM PDT

South Korea's Samsung Electronics reported on Friday (local time) a record quarterly profit of $7.4 billion, crediting strong sales of its Galaxy line of smartphones and tablets with making up for weak chip demand.

 

[Skull and Bones]

Panasonic is a great company only facing difficulties. Good tech, Responsible firm, and Samsung is just junk compared to it.

Lol, they're world's No.1 cell phone manufacturers for nothing. I guess there aren't much subscribers for your views.

 

[TR.1]

Unbelievable, Panasonic the best tv maker now along with Samsung, their vt series TVs are outstanding Plasma screens and extremely reliable.

 

[Korean]

Unbelievable, Panasonic the best tv maker now along with Samsung, their vt series TVs are outstanding Plasma screens and extremely reliable.

The 2CH response was "How could Panasonic stay in business after having lost $20 billion in 2 years?"

 

[kawaraj]

Unbelievable, Panasonic the best tv maker now along with Samsung, their vt series TVs are outstanding Plasma screens and extremely reliable.

Remember the other Japanese brand, "Sharp", if you talks of good TV maker.

 

[Skull and Bones]

Remember the other Japanese brand, "Sharp", if you talks of good TV maker.

Sharp is also going through a tough time.

 

[Korean]

Remember the other Japanese brand, "Sharp", if you talks of good TV maker.

Sharp is bankrupt. Interesting that you didn't know this.

 

[phylumchordata]

Bye Bye, Japan Inc.

was that necessary?

 

[kawaraj]

Sharp is bankrupt. Interesting that you didn't know this.

They yet still make good things. Bankrupt just on proposal BoJ can easily fill money into save it. Product line still on.

 

[Korean]

They yet still make good things. Bankrupt just on proposal BoJ can easily fill money into save it. Product line still on.

Doesn't change the fact that Sharp's bankrupt, and looks like Panasonic too will join the bankruptcy line.

 

[kawaraj]

was that necessary?

that makes a mark called "troll"

Doesn't change the fact that Sharp's bankrupt, and looks like Panasonic too will join the bankruptcy line.

please provide the link that "Sharp is bankrupt", declared or announced, will you? otherwise I have ask Mods to refrain your lying record going to another level.