Ouch: Panasonic forecasts staggering $10B annual loss
Japanese electronics manufacturer Panasonic is projecting it will lose a record $10.2 billion (780 billion yen) in 2012 as it tries to fix its struggling TV business, the company said Friday.
Panasonic will join Japanese rivals Sony and Sharp in trying to revamp and restructure its business to achieve profitability again. Together, those three companies expect to lose around $17 billion. That loss highlights just how battered Japan’s electronics businesses have been by South Korea’s … Continue Reading
Myspace reinvents itself as an “entertainment experience,” with help from Panasonic and Justin Timberlake
Panasonic’s big bet in 2012 is a social network that has been steadily losing cachet since 2008: Myspace.
Panasonic trotted out Justin Timberlake at the Consumer Electronics Show in Las Vegas today to try and bring sexy back to the pioneering website known for social networking, band promotion and really bad web design, all while making Panasonic TVs more integrated into your social life.
The partnership is potentially a reinvigorating shot in the arm for … Continue Reading
Watch out Qualcomm, DoCoMo taps Samsung, Fujitsu, others for LTE chip venture
Qualcomm’s mobile chipset dominance may be threatened by a new joint venture spearheaded by Japan’s NTT DoCoMo, focusing on next-generation LTE products.
DoCoMo is investing $5.8 million in a wholly owned subsidiary, dubbed Communication Platform Planning Co. (creative, no?), which will be run together with Samsung, Fujitsu, Fujitsu Semiconductor, NEC, and Panasonic.
The fabless company (it won’t have any chip factories of its own) will create “feature-rich, small-size, low-power-consumption semiconductor products equipped with modem functionality,” … Continue Reading
Panasonic launches rugged Toughpad tablets, calls all others toys
Is the world ready for extreme tablets that can take a licking and keep on ticking? Panasonic is betting on it.
The company officially announced its Toughpad lineup of rugged tablets today, the 10-inch A1 and 7-inch B1, which are built for heavy-duty usage scenarios like military deployment, construction sites, and unruly kindergarten classrooms.
Panasonic has been offering the occasional tidbit of information about the slates since June, but today is the first time it … Continue Reading
Panasonic’s Toughbook tablet will go where no slate has gone before
Panasonic’s new tablet isn’t meant for dainty coffee shops. The company announced its Toughbook Android tablet today, which not surprisingly is equipped for more dangerous scenarios than the occasional latte spill.
True to the Toughbook name — Panasonic’s long-running line of rugged computers — the 10.1-inch tablet will be more durable than its competitors, making it well-suited for construction sites, military deployment and the like. It will also be tough when it comes to security … Continue Reading
