Photoscala (Click here) analyzed the latest Panasonic financial report. In summary, Panasonic lost 6% sales in the second fiscal quarter and the division “Digital AVC Networks” (which includes the digital cameras) had a 7% loss compared to last years quarter.
Panasonic also announced a new group organization (Click here to download the pdf).
Editor’s note: Neither Olympus nor Panasonic are doing very well this year. But I also saw that other companies are having problems. Strong YEN, Tsunami, Fukushima and now the Thai flood. There are many reasons why japanese companies are having a bad year!