RIP Sanyo

By Esat Dedezade on Nov 30, 2011 8:23 AM
Filed under Strategy

Panasonic confirms that Sanyo will soon cease to be.

rip sanyo panasonic

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.

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This article originally appeared at Stuff.tv

 
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