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Panasonic Will Restructure in Wake of $9.2 Billion Quarterly Loss
Mon Feb 06, 2012 at 12:00 PM ETTags: Panasonic, Sales Figures (all tags)
Part of the loss is fallout from this year's earthquake in Japan, but steep sales decreases caused the rest.
Panasonic may make some impressive TVs but there's one thing they're not making - a profit. The company is down $9.2 billion in the last business quarter, though there are some factors that make that number seem bigger than it is.
One of those factors is the Great East Japan Earthquake, which affected Panasonic and essentially all other manufacturers located in Japan. On top of that, the flooding in Thailand hurt not only the global economy but Panasonic plants as well.
Of course, these tragedies can't account for all of Panasonic's losses this quarter. Sales in all sunk by 14%. The component of Panasonic that takes care of TVs lost 16% in sales due to declines in flat panels and mobile phones. The decrease would have been higher were it not for favorable PC sales.
Source: Engadget
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Blu-ray Sales Up 35 Percent in 2011 - Even Stronger Overseas
Thu Dec 08, 2011 at 12:00 PM ETTags: Blu-ray Discs, Sales Figures, Industry Trends (all tags)
As you might imagine, 'Star Wars' gave the format quite a boost.
Blu-ray sales are up significantly this year, with growth reaching 35 percent in the U.S. Last year, 85 million Blu-rays were sold. This year the estimate is sitting at 115 million. It's a big step forward and certainly a sign of things to come.
Part of the reason, of course, is the release of 'Star Wars' on Blu-ray. The HD version of the series inspired quite a few first-time Blu-ray disc purchases and spurred on sales of players. What may be even more important is the price of Blu-ray players. Customers are seeing Blu-ray players and DVD players at similar price points and at that point there's no reason to stick with DVD. It's getting to the point that making DVD players seems a bit pointless.
One thing that needs to happen, according to Futuresource analyst Jim Bottoms, is a reduction in the prices of Blu-ray discs. In Europe, where sale growth is even stronger, there's a much smaller difference between DVD and Blu-ray prices.
Source: Home Media Magazine
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Blu-ray Players a "Phenomenal Success" for Sony on Black Friday
Thu Dec 01, 2011 at 12:00 PM ETTags: Sony, Black Friday, Sales Figures, Blu-ray Players (all tags)
The company did quite well over all, with increased sales despite a lack of huge discounts.
Sony has been going through a real rough patch over the last few years, but 2011's Black Friday performance is looking very promising for the company. CEO Phil Molyneux says that despite not having any crazy discounts or doorbuster product, the company performed quite well. He calls out Blu-ray players in particular as "a phenomenal success."
Molyneux, who was put into position just over a year ago, says that one of the big influences on increased sales was a new corporate philosophy. "We were an organization that made an effort to ship and forget," he says. "I had to drive a cultural change. The relationship with the retailer is important but the focus on the consumer is paramount."
Numbers aren't in across the board yet, but Sony reported a significant increase in the business done through its online call center and a 21 percent increase at sales in Sony stores.
Source: Twice
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Entertainment Spending Up Five Percent - Blu-ray Sales Soar
Tue Nov 01, 2011 at 02:00 PM ETTags: Blu-ray, Industry Trends, Sales Figures, High-Def Retailing (all tags)
DVD spending is down significantly, but Blu-ray helped pick up the industry as a whole - if that's not great news for the format, we don't know what is.
The Digital Entertainment Group's latest survey indicates that high definition packaged media is on the rise in a big way. And yes, when they say "high definition packaged media" they clearly mean Blu-ray. Unless there are still HD DVDs floating around out there, but we're just going to go ahead and make the assumption.
Blu-ray disc sales rose by 58 percent this year, with a 60 percent increase in catalog titles like 'Citizen Kane,' 'The Big Lebowski' and, of course, 'Star Wars.' That's great news, but giant sales numbers for titles like this doesn't necessarily mean that the format as a whole is on the rise. We need something more solid, and we got it.
Blu-ray player sales increased by 52 percent over last year. Certainly there are some upgrades in there, but the majority of that seems to be first-time Blu-ray owners, marking a huge shift in mainstream consumer adoption. The DEG puts the number of Blu-ray enabled homes at a whopping 33.5 million.
So how much did Blu-ray help the overall increase in entertainment spending? A lot. Blu-ray was up 58 percent, electronic sellthrough was up 13 percent and VOD increased by five percent. DVD sales are
way down again, rental revenue is down again and brick and mortar stores are hurting. Only one format is truly thriving, and that's Blu-ray.
Source: Home Media Magazine
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