Panasonic reaches record losses in 2011, following fellow Japanese TV makers Sony and Sharp-- -$9.7 billion, losses the company blames on ailing plasma and LCD TV divisions.
TV, camera and recorder sales are down collectively by 21% Y-o-Y. Projections for 2012 predict TV sales to fall further (from 17.3m in 2011 to 15.5m).
The company also admits making a mistake by investing heavily in LCD and plasma TVs back in 2006, which president Fumio Ohtsubo describes as "...an excessive investment, something which I regret." Ohtsubo's term as Panasonic presidents ends on June 2012.
Adding to the Panasonic deficit are writedowns for the Sanyo Electric unit. The company plans to continue a restructuring process cutting 17000 jobs.
Panasonic will also follow Samsung and LG into large screen OLED HDTV production. The company is also concentrating on selling solar panels, batteries and appliances, especially within developing territories.
It has a 1GHz processor, 4" AMOLED display, 4GB of storage and 384MB of RAM, together with 5MP rear- and VGA front-facing cameras.
A number of major vendors form A4WP, including Samsung, Qualcomm, Powermat, SK Telecom, Ever Win Industries, Gill Industries and Peiker Acustic. Their aim? Nothing less than "an industry-wide wireless power standard" allowing "spatial freedom" between device and power source.
Nvidia describes the GTX 690 as "the world's fastest graphics card" (beating the recently released GTX 680) and aims it directly at the high-end PC gamer market.
The conference, organized by IGT/ICB/IPT, hosts key disties and traders for a huge range of products, from iDevice accessories, to PC components and accessories, mobile phones and consumer electronics (TVs, games consoles, etc).
