Panasonic Quits Consumer Smartphone Business in Japan
Panasonic is shifting gears in its struggle for survival. It is shying away from manufacturing standard consumer smartphones in Japan, according to President. Losses have made the company flounder on the shores of economic failure.
The electronics company hailing from Japan was hit hard by $15 billion in losses. And this had gone on and on during the previous two years. Making the transformation from manufacturing to supplying will be quite a challenge for Panasonic. As for the loss upon loss it has incurred, it is a tragedy that needs to be turned around.
President Tsuga has set some tough goals which he wants to meet no matter what. For once Panasonic will be following a strict schedule of hard work. His no-nonsense approach might just see the company through the precarious times that lie ahead. Not all is lost and it is high time that a reversal of fortune take place at the Japanese plant of the humongous conglomerate.
Apple and Samsung have been two very cruel competitors. There was a time when Panasonic was on top of the world. This was the year 2001. Back then it was the second biggesthandset maker in the Land of Cherry Blossoms. Unfortunately, all that is so much water under the bridge and now it is up to Tsuga to lead Panasonic on an uphill journey to the empyrean heights.
The results are in and Stephen Milner has won the Coastal Landscape round of Bridgestone’s ongoing landscape photography competition.
The fourth round of the five-round contest drew some stunning entries, but judges were unanimous on choosing Stephen’s image of the coast in his home of Raglan, New Zealand.
Image by Stephen Milner
Stephen emigrated to New Zealand from the UK in 2013, where he works for a development and project management consult ... Source: PhotoRadar
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4 hours ago
TOKYO: Sharp on Friday (Aug 1) logged a $17.4 million net loss for the three months to June, but added it still expected a full-year profit as the Japanese electronics giant tries to move past years of record losses.The Osaka-based company's results came a day after rivals Sony and Panasonic reported profits in the latest quarter. The trio of firms ushered in huge restructuring plans to climb out of the red after the sector was ... Source: Channel News Asia
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7 hours ago
Tesla just reported second quarter earnings, with beats on both earnings and revenue. In the company's letter to shareholders, it highlighted the importance of its planned, massive $5-billion lithium-ion battery Gigfactory. Tesla recently formed a partnership with Panasonic to get the Gigafactory up and running and is reportedly closing in on selecting a construction site. But it was this sent ... Source: Business Insider
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18 hours ago, 4:32pm CDT
N ow that it’s official that Tesla Motors and electronics giant Panasonic have signed a deal to build a gigantic U.S. battery plant, one key question left to decide is which state will it be built in.
Tesla founder Elon Musk has so far not announced a decision on where the Gigafactory would be located, but the gossip mill is in full swing. If the billionaire entrepreneur wants more of a hands-on role, you would think California would be the no-brainer. Musk initially dismissed his home ... Source: Business Journal of Phoenix
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22 hours ago, 12:17pm CDT
cartechboy (2660665) writes "Earlier in the week we heard that Tesla and Panasonic had reached an agreement to build the gigafactory together, and today that became official. Now it seems that things are farther along than anyone thought. In fact, construction of the plant might already be secretly underway in Nevada. This is of course interesting as Tesla hasn't officially announced where the gigafactory will be built. Something called Project Tiger is c ... Source: AppleSlashdot
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23 hours ago, 11:44am CDT
Tesla and its battery partner Panasonic have finally confirmed a formal agreement to build a battery 'gigafactory'--from which Tesla will produce the huge volumes of batteries it needs to ensure continued expansion of the company. According to a statement from Tesla Motors (NSDQ:TSLA ... Source: PS3 Cars
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23 hours ago, 11:30am CDT
Small cars and the new IIHS small-overlap crash test: How'd they do? We look at lousy sales of GM's first diesel passenger car in 28 years, a higher-efficiency model of the 2015 Ford F-150 pickup truck, and of course there's a Tesla story to lead off the day. All this and more on Gre ... Source: Hybrid SUV Reports
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1 day ago, 10:25am CDT
Now with support for the Nikon D810, Panasonic GH4, and Panasonic FZ1000 Just over a month from its previous update, Adobe has again put out a new version of the Lightroom, ACR, DNG Converter triumvirate, now with support for the Nikon D810, and Panasonic's GH4 and FZ1000. In addition to the new camera models, the update also brings for a suite of new lenses, which you can see the full list of in the links above. There is one known bug, where the Canon EF 16-35mm f/4L IS USM lens is not ... Source: Pop Photo
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1 day ago, 9:56am CDT
Kelly Rowland is Expecting a Baby Boy
The once-upon-a-time member of Destiny’s Child, Kelly Rowland discussed her pregnancy and the food cravings that came with the territory. And she also revealed her baby's gender accidentally.
The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.