-
Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.
Panasonic on track for second $10B loss
- Thread starter Canis lupus
- Start date
- Status
Canis lupus
Member
Phoenix
Member
That's pretty much a given at this point. The growth vector in electronics is smart phones and Samsung got out in front early and has been putting their foot on the gas.
zomgbbqftw
Banned
I hope you're not talking about Loewe.
He means German assembled sets with shit panels made by that Turkish company (Vestel I think they are called).
I don't see how they would not end up dominating the electronics market, most of the other brands are failing.
slaughterking
Member
I was about to say.I hope you're not talking about Loewe.
I mean total domination - only LG seem to be making a lot of profit, but they are generally at the lower end of the spectrum. A lack of competition means Samsung are free to overprice and drop the Q/A.
Canis lupus
Member
Telefunken? Vestel=quality.
SolarPowered
Member
Is it really okay to say that when the low and middle class worldwide are taking the brunt of all the economic downturns? They are just trying to get the most bang for their buck.
zomgbbqftw
Banned
Maybe.
Will be a sad day
Dreams-Visions
Member
Panasonic has $10B to lose?
So do CEOs, banks and insurance companies. Everyone wants the most bang for their buck regardless of where in the spectrum they fall. And when people fixate on it the general behavior leads to unsustainability and things crash.
In any case it's not entirely the fault of the market, but also Sharp and Panasonic's inability to transition their businesses and claim new markets.
zomgbbqftw
Banned
It is also because they refused to adjust their business model to deal with strong yen. Both Sharp and Panasonic bet on the world economy recovering and yen weakening as the US and EU get back to normal so they just carried on as normal. Sony, Toshiba, NEC, Fujitsu, Hitachi and Mitsubishi all adjusted and changed their business model by making fewer products, lowering volume and increasing margins as well as diversifying. All of that was done on the assumption that this was no ordinary recession and that the world economy would take 10 years to recover and yen would remain strong for that period of time, now Sony and Toshiba are looking at break even or profit and Hitachi just announced a £700m investment in UK Nuclear.
Panasonic and Sharp are looking at bankruptcy because of terrible management as well as changing consumer habits.
shira
Member
51 posts in. For shame gaf
Phoenix
Member
sixteen-bit
Member
entremet
Member
Cellphones, especially smartphones are amazing revenue generators--they're replaced frequently, unlike TVs, and they are semi necessary for most adults. A household can survive on one or two TVs. And those will last for a while as well, unlike cellphones.
This is one the reasons I'm skeptical on Apple releasing and flat panel TV. It wouldn't drive much revenue.
This is one the reasons I'm skeptical on Apple releasing and flat panel TV. It wouldn't drive much revenue.
shira
Member
Made in Japan?
I just figure it is all foxconn? My Korean Samsung is amazing, but I've heard the outsourced ones aren't so great.
Yup. Which is why Sony is investing hugely in Sony Mobile. Their mobile division double in revenue it took in this quarter compared to last year. They sold 8.8 million Xperia phones this past quarter. While that number is still a pittance compared to Apple and Samsung, it's growing rapidly.
AgentChris
Member
How does one lose $10B...
Phoenix
Member
You're insane. TVs are all about media consumption, not the device itself and that's one of Apple's strengths. The problem is that they don't own any of the content and all of their content providers are dragging their feet now. Part of this is Apple's fault for waiting for so long to launch some of these initiatives as the content providers have become emboldened over the years and have started building their own digital content distribution channels (i.e. Hulu) and today see Apple as even more of a competitor than they did before.
favouriteflavour
Member
Should have kept making those SL1200's Panasonic.
Unknown Soldier
Member
It is. The Koreans are systematically dismantling Japanese industry piece by piece. They've been doing it over a decade now, but it with the global economic slowdown the bottom is just falling out for the Japanese companies.
If I were Panasonic I would be shitting bricks because when the Koreans ship OLED TVs and Sony ships their rumored Crystal LED TVs, plasmas will finally be completely obsolete. Then they really are fucked.
As long as sony is in television market there is always a choice. Always
Sony has literally not turned a profit in TVs for a decade. Crystal LED is their last hope, if it doesn't work out, Sony will probably have to leave the TV market.
Panasonic may not even survive long enough to see that happen. Sharp most definitely won't.
ChanDangle
Member
And when we are paying 2 to whatever times the amount of a plasma, then we as consumers(plasma) are really fucked.
Femmeworth
Banned
All of these Japanese companies suffering. Clearly the only solution is for all of them pander hard to otaku. Slap moé girls and loli on everything.
Boogalogist
Member
I love my Panny Plasma....
Let's hope they go through this.....
Let's hope they go through this.....
Even I...don't believe it is possible
OdysseusVA
Banned
I love their IPS panels
AstroNut325
Member
Sooo.... Like I've been saying. Greedy/selfish consumers. You want cheap low margin units. But televisivons tend to be durable goods. I mean where else will you find 50" sets for about $500? It's plasmas.
The tech needs to die and we need pay double. The long term survival and advancement of display tech hinges on it. And why are people trying to cheap out on purchases of technology expected to last 5+ years?
I think you may be a bit confused. Plasma sets are cheaper to manufactur at large sizes than LCD/LED sets, but consumers want them all at the same price. That is what is doing the damage.
- Status