Reuters: Technology News: Panasonic to cut LCD TV panel output on weak demand: Nikkei

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Panasonic to cut LCD TV panel output on weak demand: Nikkei Oct 16th 2012, 18:57 Tweet Share this Email Print People visit Panasonic Corp's booth at CEATEC JAPAN 2012 electronics show in Chiba, east of Tokyo, October 2, 2012. Credit: Reuters/Yuriko Nakao Tue Oct 16, 2012 2:57pm EDT (Reuters) - Japan's Panasonic Corp will cut production of LCD and plasma panels for televisions in 2013 as sales continue to remain below expectations, the Nikkei said. The Japanese electronics company will now focus on small and midsize panels for tablets and other products, the daily said. Panasonic's LCD TV sales are expected to show slight year-on-year growth to 13 million units, while its plasma TV sales are expected to tumble by around half to 2.5 million units, the Nikkei said, adding that the business is unlikely to return to profit this fiscal year. (Reporting by Avik Das in Bangalore; Editing by Supriya Kurane) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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