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Apple Insider is reporting that Panasonic will leave the TV business and move to building screens for tablets.
The details come from Japanese business newspaper Diamond Online, which were translated by Macotakara on Tuesday. It indicated that although LCD TV sets were the main product line for Panasonic, the company apparently plans to exit that business.
In its place, Panasonic reportedly hopes to make its way into the more profitable business of building LCD panels for portable electronics. In particular, Panasonic is said to be interested in finding its way into Apple's supply chain for the iPad.
From Broadcast Engineering:
With plasma sales continuing to fall fast and large LCD sets also on the wane, Panasonic, a major supplier of both TV technologies for consumers since digital TVs first hit the market in the mid 1990s, has announced its intention to retool its consumer TV manufacturing and shift its focus to making smaller LCD screens for handheld consumer products (electronic tablets and other portable media players) from Apple and others.
...The new plan may not mean the company will exit the consumer TV market completely, but instead could convert its manufacturing pipeline to produce the sharper OLED TVs. It might also choose to outsource LCD technology from others for larger sized screens sold across its Viera line.