Sanyo Disappears in April 2012

By |

Sanyo Disappears in April 2012


SANYO_logo_resize.jpgAccording to AV Interactive, a UK electronics publication, the Sanyo name will cease as of April 1, 2012. The brand will be absorbed into the Panasonic brand. This news comes via a letter that Panasonic sent out to business partners, announcing that Sanyo's existence will cease at the end of Q1 2012.

Additional Resources
• Read more industry trade news from HomeTheaterReview.com.
• Learn more about Panasonic's Eco Campaign.
• See the AV Interactive article on their website.

Panasonic bought Sanyo in December 2008 for $4.6 billion dollars, but times have changed. Panasonic recently forecasted the largest annual loss for the company in the last decade. The folding of Sanyo is only one of several steps that Panasonic has taken to combat that loss.

Panasonic cut more than 15,000 jobs worldwide. The company has also begun scaling down its TV department, which includes reducing the production capacity for plasma panels by 48%. Panasonic has also had to cut the annual TV sales target from 25 million to 19 million, forced by competition from Samsung and LG.

But the news isn't all bad for Panasonic. The company recently decided to keep its facilities in New Jersey. It's unfortunate that the Sanyo brand will disappear, but the products will most likely continue to live on under the Panasonic banner.
  • Comment on this article

Post a Comment
comments powered by Disqus

Latest Industry Trade News

Jun 10
How A.I. Is Reshaping the Home Theater By now, you probably know that artificial intelligence (AI) is being employed to one degree or another in digital voice...
How A.I. Is Reshaping the Home Theater

Apr 22
Some Random Thoughts from AXPONA 2019 CES is officially dead for audiophiles, leaving AXPONA (Audio Expo North America), a regional audio show in Chicago, to pick...
Some Random Thoughts from AXPONA 2019

Apr 08
Thoughts on My First Commercial Movie Theater Experience in 15 Years When it comes to home theater, I guess I walk the walk and talk the talk, because it's been about...
Thoughts on My First Commercial Movie Theater Experience in 15 Years

Apr 01
MicroLED and Why Front Projection and OLED Should be Scared Once upon a time, I was a front projection enthusiast. Over the past 15 years, I've assembled more than a...
MicroLED and Why Front Projection and OLED Should be Scared

Mar 04
Would You Rather Have Big 4K or Smaller 8K? During my workday I talk with all sorts of people from every corner of the specialty audio/video industry. Public relations...
Would You Rather Have Big 4K or Smaller 8K?