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In October 2013, Panasonic announced that it would stop producing plasma display TVs, closing the plasma panel production factory in December 2013 and ending sales in March 2014. Plasma displays have been losing market share every year to LCDs, and Panasonic has been posting losses and cutting jobs in the last few years. [ 7 ]
Panasonic Holdings Corporation [b] is a Japanese multinational electronics company, headquartered in Kadoma, Osaka Prefecture, Japan.It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works [c] in Fukushima, Osaka City by Kōnosuke Matsushita.