Panasonic Corp. and Sharp Corp., struggling to recover from record losses, may have won some time after job cuts, asset sales and a weaker yen helped them improve third-quarter earnings.
Panasonic, Japan's second-largest TV maker, posted 61.3 billion yen ($665 million) in net income for the three months ended Dec. 31, according to a statement today. Analysts expected a 17 billion-yen loss, based on the average of three estimates compiled by Bloomberg. Sharp, Japan's No. 3 TV maker, reported its first operating profit in five quarters.
More Suggested Content:
Panasonic, HSN Team on Shop By Remote App
January 8, 2013
Panasonic and HSN have partnered on an interactive home shopping app that is launching initially via Panasonic’s Smart VIERA platform on the company’s lineup of 2013 VIERA Connect TVs and Blu-ray players. The HSN Shop By Remote app was jointly demonstrated at a Panasonic pre-CES press briefing Monday by Panasonic Consumer Marketing Company North America president Shiro Kitajima and HSN CEO Mindy Grossman.
ProSource/PRO Group Audio Ambassadors Collaborate with Asian Suppliers
January 30, 2013
It’s no secret that the margin squeeze on under-60-inch panels keeps getting tighter, so with no letup in sight independent dealers are raising their bets on audio to boost bottom lines.
Heavy marketing and smart management - along with a resurgence of consumer interest in many things audio – certainly helped the category shine last year. But maintaining that momentum will take fresh cycles of innovative new categories and updated traditional products in tune with the changing needs consumers.
That was the reason the ProSource organization, which includes dealers of the PRO Group and Brand Source’s Home Entertainment Source (HES) buying groups, recently toured factories and R&D centers of select suppliers. The trip included visits to D+M, Harman, Onkyo/Integra and Sharp.