Panasonic Reports Big Yearly Loss but Forecasts Profit
Panasonic forecast its operating profit will rise 55 percent in the year ending March 31 as it steps back from struggling operations in TVs and other consumer gadgets.
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Panasonic to Stay in Money-Losing TV Business -- For Now
Panasonic says it will get out of unprofitable businesses but stopped short of ditching its money-losing TV operations, as had been widely speculated.
Don't Look Now, But Google Just Goofed
Last week, rumors began emerging of a planned wireless entertainment device from Google. That may sound cool, but before Google jumps headfirst into the brutally competitive and low-margin consumer electronics business, it should recall how similar moves nearly crushed Cisco.
Why to Be Glad America Isn't Making TVs Anymore
It's hard to complain too much about how Japan "stole" the high-tech electronics business from the U.S. More accurately, they took a low-margin business off our hands. And you know what we should be saying to that? Good riddance!
2012: The Year Web- Connected TVs Take Over
No segment of the electronics industry better highlights the challenges of these times than the television business. With sales of standard TVs flagging, the industry is pinning its hopes to new models TVs equipped to handle Internet streaming, WiFi and more.
Tesla's Annual Loss Triples as It Prepares to Launch the Model S
Tesla Motors, which went public with much fanfare last June, nearly tripled its losses for 2010 as it invested heavily to engineer and get ready for producing the Model S, its second offering and the first that targets a broader consumer market.
Nikkei Continues to Rise on Positive Earnings and Hope for the U.S.
Positive earnings outlooks among some of Japan's major companies continued to boost investor sentiment. Japan's Nikkei 225 Index added 0.4% to close at 10,636. Hong Kong's Hang Seng slid 0.3% to end the day at 23,484. Markets in China remained closed for Chinese New Year.
Panasonic to Re-enter Portable Gaming with New Device
Panasonic is gearing up to challenge Nintendo and Sony with a new handheld video-game player code-named "Jungle," Bloomberg News reported Tuesday. After leaving the portable-gaming market a decade ago, can this new device make Panasonic a major player?
Panasonic Recharges Tesla Motors with $30 Million
Panasonic is recharging electric-car company Tesla Motors with $30 million. The electronics manufacturer, which provides batteries for Tesla's cars, will now own 2% of its customer. The deal also puts Tesla back in the battery business.
Toshiba to Offer New 3D TV (No Funny Glasses Required)
Toshiba plans to introduce a 3D TV that doesn't require viewers to wear funky 3D glasses. The new product, part of Toshiba's effort to gain a competitive edge in the rapidly emerging marketplace for 3D TVs, seeks to make 3D TV easier to use. But glasses-free 3D won't come on the cheap.
3-D TV Sales Are Set for Eye-Popping Growth
About 4 million 3-D-capable TV sets will ship in 2010, one out of every 20 flat-screen TVs sold. That's projected to more than double next year and grow tenfold in four years. But hurdles like lack of 3-D programming and bandwith constraints could limit such rapid growth.