English | دری

Panasonic projects USD 9.6bn loss

in International Business

Panasonic projects USD 9.6bn loss

Faced with falling sales and reconstructing expenses, Panasonic has forecast a net loss of USD 9.6bn

The firm has been trying to restructure its business and said costs relating to that were expected to be almost 11 times more than previously estimated.

The sales have been hit by slowing demand for TVs and a strong yen accompanied by the continued uncertainty in the global economy over the Eurozone debt crisis and the slowdown in Asian economies.

At the same time, the dwindling domestic consumption of Japan has been a major challenge to the sales of many companies.

Japan has been fighting deflation for many years and the phenomenon has been a big hurdle in its attempts to boost domestic consumption.

While falling prices are good news for consumers, they are not so for the economy, as people tend to push back their purchases in the hope of getting a cheaper deal in the long run.



Related Articles

Standard Chartered to pay $340m penalty

Standard Chartered has agreed to pay a $340m settlement to New York regulators after it was accused of helping Iranian

iPhone 5…was it worth all the anticipation?

Apple promised that its new handset would go way beyond what the previous iPhones had to offer. The reviews for

Australia's economy grows by more than expected

Australia’s economy grew by more than expected in the first three months of the year, allaying fears of a global

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.