fbpx
Connect with us

Lifestyle

Panasonic Confirms They Have Discontinued TV Production In Japan

Published

tv ft
Source: Biometric Update & Pexels/Nothing Ahead

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Is this the end of an era?

The Japanese multinational electronics company Panasonic is no longer producing televisions in Japan. Officials at Panasonic confirmed that they will focus on overseas production, according to NHK.

Panasonic was formerly called the Matsushita Electric Industrial Company and started making domestic TV in 1952. At their peak in 2010, Panasonic’s TV sales exceeded 20 million units globally.

TVs had been a star business for Panasonic until it faced competition from rivals in South Korea and China. In 2014, the company withdrew from the plasma TV business, which it had massively invested in. In 2020, their TV sales plummeted to around 3.6 million units globally.

The last made-in-Japan Panasonic TVs halted at the end of March this year. Officials say that the small-lot manufacturing was costly and was hurting the company’s earnings.

However, the electronic giant’s overseas TV production will continue in countries like Malaysia, Czech Republic and more. Panasonic is also negotiating to outsource manufacturing of small and medium-sized liquid-crystal display TVs to Chinese rival TCL.

Other electronics companies like Sony Group and Mitsubishi Electric will continue to make televisions in Japan.

In this new era where almost everything can be done with just a click on our mobile phones, tablets and laptops, televisions no longer seem like a need or want in some households. Do you still watch TV occasionally? Let us know in the comments!

 

Also Read: Young South Korean Couples Are Gifting Tesla Stocks To Each Other Instead Of Flowers

D6B76E46 A61C 4990 8776 AA6E06A6A5FD

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

safetyft safetyft
News42 minutes ago

Transport Minister: LRT Safety Review Underway After Death of Blind Man at Titiwangsa Station

Yesterday (Feb 23), a blind man was killed when he was run over by a LRT train after he fell on the...

ismailft ismailft
News18 hours ago

BREAKING: Former PM Ismail Sabri Rushed to Hospital in Damansara After Being Found Unconscious

Former prime minister Datuk Seri Ismail Sabri Yaakob, 65, was rushed to the hospital, early this morning, after he was...

collage 90 collage 90
News18 hours ago

Suspect in Attempted Rape of Young Girl at Selangor Mosque Allegedly Has OKU Card, PDRM to Investigate

Just yesterday (February 21), an underage girl was grabbed away by a 19-year-old man from the female section of the...

lrtft lrtft
News19 hours ago

Visually Impaired Man Dies After Falling Onto LRT Tracks & Being Hit by Train at Titiwangsa

Just this morning (Feb 22), a visually impaired man had passed away after he fell onto the railway tracks and...

collage 89 collage 89
News21 hours ago

Foreign-Controlled Scam Syndicate Makes Up to RM150,000 Per Day by Operating from 17 Bungalows in KL

A surprise operation by the Malaysian Immigration Department has cracked down on a foreign-controlled scam syndicate that operated in 17...

collage 88 collage 88
News22 hours ago

Viral Corn Vendor Who Used Racial Slur Against Indian Community Fined RM400, Indonesian Wife Sent to Jail

The viral corn seller who displayed a racial slur at his stall was fined RM400 by the Magistrate Court in...

collage 87 collage 87
News2 days ago

Viral Crocodile in River Near Mid Valley Still on the Loose, Public Advised to Stay Away from Klang River

A crocodile became an unexpected star yesterday (February 20) when it suddenly appeared in the Klang River near Mid Valley...

My Post 1 2025 02 21T170440.548 My Post 1 2025 02 21T170440.548
News2 days ago

Kuantan School Called Inhumane After Early Comers Left Stranded Outside Under the Hot Sun

A secondary school in Kuantan is currently under fire after a large group of students who arrived early for their...

Announcement

Latest Videos



TRENDING TODAY