Panasonic’s latest financial results: strong camera sales, decreased revenue


Panasonic released its latest financial results (Q1, 2024). The company does not disclose detailed numbers about its camera sales - they only reported strong sales and decreased revenue:

"Digital camera equipment sales were strong, but some product categories were affected by worsening market conditions resulting in a decrease in revenue."


"Strong sales" does not really tell us much, but decreased revenue is definitely not a good sign, especially given the situation the company is currently in:

Panasonic in trouble: the company is considering transferring or withdrawing from businesses with low growth potential by fiscal 2026, President Kusumi calls it a “crisis situation”

Source: Panasonic via DCLife

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