Panasonic joins Sony and Sharp in sea of red ink

Panasonic joins Sony and Sharp in sea of red ink

Japanese Consumer electronics giant Panasonic has warned it is heading for a record annual net loss of 7.78 billion euros. br br As with its rivals Sony and Sharp, Panasonic is struggling with shrinking demand for TVs.br br Company President Fumio Oht-subo apologised for the unprecedented loss but gave no sign that he would step aside as Sony's boss Howard Stringer has done.br br ...


User: euronews (in English)

Views: 9

Uploaded: 2012-02-03

Duration: 00:25

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