Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?

Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to … Continue reading

Panasonic Going Global With…Wait for It…OLED TV

Is Panasonic Back in the Consumer TV Business? Panasonic Corp., in a sharp departure from its previous TV strategy, launched an OLED TV in Europe last fall, using panels procured from LG. At the IFA 2016 show in Berlin that … Continue reading

In Search of Profits, Panasonic Pulls Out of LCD Panel Production

In yet another sign of Japan’s struggle with the flat panel TV business, Panasonic Corp. will stop all LCD panel production at its last such factory. Reports out of Japan say the company has determined that competition from Korea and … Continue reading

Hot Time in the City, It’s CE Week Again

New York City in June sees temperatures rise in response to the onset of summer and also, hopefully, in response to the launch of the hottest new technologies being shown at CE Week at the Metropolitan Pavilion and Altman Building … Continue reading

Apple Acquires Empty Panasonic Factory for R&D Facility in Japan

Is the pendulum swinging back? The mayor of Yokohama, Japan, Ms. Fumiko Hayashi, said today that Apple, Inc. has purchased an empty Panasonic factory and will turn it into a state-of-the-art research and development center. For many Japanese, this is … Continue reading

Bloomberg Reporter Asks ‘Why is Sharp Still With Us?’

We’ve been reporting for a while now on the epic survival struggles of some of this industry’s biggest brand names in Japan…most recently Sharp Corp. Some of the changes we’re seeing now were unforeseeable even 24-36 months ago – Sony … Continue reading

S. Korea Stakes Claim as World’s #1 TV Supplier

New market data confirms what you probably already suspected, South Korea is the #1 supplier of TV products to the world. Home to both Samsung Electronics and LG Electronics, S. Korean media is calling itself the ‘Country of TV.’ See … Continue reading

CES 2015 Opens with Great Fanfare, But No Real Surprises

Like a carefully scripted political debate, Day 0 of CES (Day 1 for most of the press) opened with great fanfare…but offered no real surprises. Day 0 – officially known as Press Day – is an endless series of press … Continue reading

You Knew It Was Dying, But LG Makes It Official – Plasma is Dead

Yesterday in South Korea, LG Electronics made formal what we all knew was coming – they are ending production of all plasma display panel products. Even though we knew it was coming, somehow…it still hurts. We’ve had many an engineer … Continue reading

Center of Planet Panasonic Since 1970, AV Headquarters to be Closed, Demolished & Sold

In what is surely a demonstration of a conclusive shift in its business strategy – not to mention a bit of heavy symbolism in hometown Osaka, Japan – Panasonic Corp. has announced its intentions to close, demolish and sell off … Continue reading