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.
Apparently, building smaller LCD panels for Apple’s iPad is more profitable business, and Panasonic has allegedly already provided sample high-resolution LCD panels to Apple.
The company reduced plasma activities last year and appears ready to make further cuts to save cost.