Japan's Matsushita officially changed its name to "Panasonic"
Saturday, 4. October 2008, 10:53:26
Japan's Matsushita will use the original 90-year, "Matsushita Electric Industrial Co., Ltd." change the name of "Panasonic". The move reflects the electronics giant is determined to reduce the stagnation of the Japanese market to rely on, more focused on the overseas market. Matsushita's Panasonic name shows up reforms.
Panasonic consumer electronics, especially plasma TV, the world has access to the high reputation and market share. With Japan's population growth slowed, the growth prospects for the Japanese market has become increasingly limited. In the company of Panasonic 86,000,000,000 dollars in annual revenues, about half from the Japanese market, while Sony only 26% of the domestic market, Samsung is only 20% of the revenue from the Korean market.
In addition to the main consumer electronics, Matsushita said Fumio Ohtsubo also hope that the global electronics market to find a new growth point. In addition to the Japanese market, most of the Matsushita appliance sales come from Asia, Matsushita plans to start before March next year in the European market air-conditioning, refrigerators and washing machines - Panasonic's three major home appliance products. The name Panasonic is in a period of global economic downturn. More and more new competitors to enter the global electronics market, including the Vizio such as New Horizons, Vizio sales through the OEM manufacturer of low-cost products. In addition, the United States as a result of the financial market crisis, global demand is in a weak way.
Panasonic consumer electronics, especially plasma TV, the world has access to the high reputation and market share. With Japan's population growth slowed, the growth prospects for the Japanese market has become increasingly limited. In the company of Panasonic 86,000,000,000 dollars in annual revenues, about half from the Japanese market, while Sony only 26% of the domestic market, Samsung is only 20% of the revenue from the Korean market.
In addition to the main consumer electronics, Matsushita said Fumio Ohtsubo also hope that the global electronics market to find a new growth point. In addition to the Japanese market, most of the Matsushita appliance sales come from Asia, Matsushita plans to start before March next year in the European market air-conditioning, refrigerators and washing machines - Panasonic's three major home appliance products. The name Panasonic is in a period of global economic downturn. More and more new competitors to enter the global electronics market, including the Vizio such as New Horizons, Vizio sales through the OEM manufacturer of low-cost products. In addition, the United States as a result of the financial market crisis, global demand is in a weak way.
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