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

Panasonic Reduces Pricing of Best-Selling Plasma TVs
Sep 1, 2005
 Printable format
 Email this Article
 Search

Panasonic, which completed a full year as the market leader in Plasma television, confirmed it will make large-screen digital flat panel televisions more appealing to consumers. Starting Sept. 1, 2005, Panasonic will reduce the suggested retail prices of its Plasma TVs by an average U.S. $500.

With the new pricing, the suggested retail price for America's best- selling plasma TV, the 42-inch Panasonic TH-42PD50U EDTV, will fall below $2,000 for the first time.

"Panasonic has been investing in the development of plasma panel technology for years," said Andrew Nelkin, vice president of Panasonic Consumer Electronics company's Display Group. "As a result, we have both the technological expertise and expanding manufacturing capacity to meet surging consumer demand for Plasma TV."

According to Ross Young, president and CEO of display industry research and consulting group DisplaySearch, the plasma TV market is expanding rapidly. "North American Plasma TV shipments increased 50 percent in the first half of 2005 versus the first half of 2004 with even faster growth expected in the second half of 2005," he said. "For the year, Plasma TV sales are expected to rise 62 percent in North America to over 1.6 million units and Panasonic is a big reason why. Within this expanding market, Panasonic's share rose from 24 percent to 33 percent in the second quarter of 2005 and it is well positioned to further increase its share due to its attractive pricing, excellent quality, internal production and broad distribution."

Research firm NPD Group/NPD Techworld recently reported that Panasonic Plasma TV sales accounted for an unprecedented 44 percent of the market, based on a weekly point- of-sales data.

Back to Daily News

 

Daily News

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

Aug 22, 2014: Could Quirky Acquire GE Appliances?

Aug 22, 2014: Existing Home Sales Up in July

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows