Originally posted by mikemike
Panasonic is retreating from consumer products on many fronts - Plasma TVs, Cell Phones, and compact camera divisions are all either in the process of shutting down or scaling back. They haven't said anything yet about their u43 business although they did announce new products in that line recently.
Sony's agenda in the camera business is much different than Pentax, Canon, Nikon, Olympus, Fuji, or just about anyone else. They want to push the industry in terms of electronics because they sell components like sensors, microprocessors, and LCDs, and other chips to everyone else in the industry and they are happy to sell or license virtually anything they put into their camera to their competitors. In the consumer realm, they will continue to be Sony and doing what Sony does in all of their consumer electronic lines - selling a solid but somewhat quirky product with a couple premium features (like a Zeiss lens), a couple gimmicky features (like panorama), and a couple of quirky features (like memory stick or SLT) at an ultra premium price.
Panasonic and Sony are kind of losers in the electronics industry. My work place was once near Panasonic's subsidiary, called "Panasonic Telecom", which sold cell phones. Panasonic merged that subsidiary with a rival company, and sold every stake in it. Panasonic is in the process of focusing on the "core business" that it deems to have growth opportunities like car or housing. Panasonic lost almost $15 billion in the last two fiscal years, so it has no choice but to sell everything excluding that core business.
It looks like Sony is currently in the real estate business. Last year, Sony sold a building with 25 stories and 3 basements constructed only three years ago for $1.1 billion. Sony's US headquarters in NY was also sold for $1.1 billion. It's funny that Sony added up those sales profits in operating profits.