Panasonic has announced that the Sanyo brand will cease to exist from early next year.
It's unclear at this stage whether or not products like Sanyo's popular Xacti pistol-grip camcorders or projectors will move over to Panasonic's roster, but the news of 15,000 job cuts doesn't bode well for the electronics giant.
Panasonic bought Sanyo for £2.8 billion ($A4.3 billion) back in 2008 but a strong Yen and tough competition from the likes of Samsung and LG prove that even giants can have their bad days.
You may also likeMotorola MOTOACTV gets December 1 due dateFacebook will be worth US$100 billionGift Guide – kitchen gadgets
This article originally appeared at Stuff.tv
Copyright © Stuff.tv
Issue: 338 | May 2015
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.