Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Matsushita Aims to Double Flat-TV Market Share
Aug 21, 2003
 Printable format
 Email this Article
 Search

Consumer electronics maker Matsushita Electric Industrial Co Ltd. said that it plans to double its share of the fast-growing flat-panel television market by the 2005-2006 business year.

Matsushita, maker of Panasonic products, had a 16-percent global market share in 2002-2003, but wants to capture 30 percent within 3 years.

The company aims to boost its share of the liquid crystal display (LCD) TV market to 25 percent from 11 percent over the next 3 years and that of the plasma display panel (PDP) TV market to 30 percent from 22 percent, Tsutomo Ueda, an executive officer at Matsushita, said at a news conference.

The announcement is part of Matsushita's effort to put its record loss in 2001-2002 firmly behind it by focusing on profitable advanced products such as DVD recorders and big-screen PDP TVs.

The latest sales targets were given when the electronics giant unveiled 13 new flat-panel TVs in its newly named "Viera" series, to be launched in the domestic market this autumn. The products range from 14- to 50-in diagonal screen sizes and include three PDP TVs and 10 LCDs.

The company plans to increase annual production capacity for flat-panel TVs and to raise its global sales of televisions overall to 700 billion yen (U.S. $5.93 billion) in 2005-2006 from 530 billion yen in 2002-2003.

Matsushita, which is said to rank second to Sony Corp. in the consumer electronics sector, said it wants flat-panel TVs to account for more than 60 percent of its television sets in 2005-2006, compared with less than 20 percent in 2002-2003. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows