Panasonic Australia Exits TV Market
Panasonic Australia has today announced it has decided to withdraw from the Australian television market, citing “current local market conditions”, and to all the company to focus on “established and emerging areas of the business”.
Its current range of televisions will continue to be sold while stocks last, and the company has stressed it will continue to provide customer service to Australian consumers.
With over 100 years of trading history, Panasonic continues to be a leader in many categories. The company also said it's “excited by what's in store this year across our broad portfolio of consumer electronics”, specifically mentioning its audio and video products, along with the recently relaunched Technics brand.
According to the company, this decision will not affect any other products in its Home AV range or any other categories, which remain available in Australia in 2020 and beyond.