Asahi reports that Panasonic has not achieved its medium-term strategy goals and President Kusumi calls it a “crisis situation”: Panasonic Holdings (HD) has revealed that it expects to fail to achieve two of the three targets set in its three-year mid-term strategy ending in fiscal 2024. President Yuki Kusumi acknowledged that the situation is “critical, […]
Nikkei published a new article about Panasonic’s camera business being at a critical moment – here s a brief recap (Google translated):
Ymcinema published a new article where they talk about Panasonic abandoning the cinema camera lineup: “If you needed any proof that the Panasonic camera division is dying, then search no more. Just watch the Panasonic CES 2022 Press Conference. That presentation takes 54 Minutes long focusing on B2B products, and only 5 Seconds dedicated to […]
Nokishita reports that Panasonic will announce a new box-style 6K mirrorless camera called LUMIX BS1H (similar to the current BGH1 model pictured above). The new model will have a 24.2MP sensor and a price tag of $3,497. This month Panasonic is celebrating their LUMIX 20th anniversary (see dedicated site) and I would expect several new Lumix […]
The Japanese website diamond.jp reports that Panasonic may also pull out of the camera business just like Olympus:
I have been saying for months that Nikon is not the only photo company in trouble. Panasonic just announced a big restructuring as profits sink and I am pretty sure this is just the beginning: “Panasonic plans another round of restructuring of unprofitable businesses, responding to sinking profits with the same prescription that has restored the […]
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