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.

You may also like
Motorola MOTOACTV gets December 1 due date
Facebook will be worth US$100 billion

Gift Guide – kitchen gadgets

This article originally appeared at Stuff.tv

 
Follow us on Facebook and Twitter
 

Copyright © Stuff.tv

RIP Sanyo
 
 
 
 
 
Top Stories
The 20 most influential people in tech of 2014
Who's turning the industry upside down?
 
Officeworks cracks earnings milestone
But expects unpredictable conditions ahead.
 
Strong Vita Group earnings marred by Apple business
Lack of new iPhone hurts Next Byte.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
As a reseller, rebates and discounts are...


Latest Comments
CRN Magazine

Issue: 329 | July 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.