"Panasonic derives nearly half of its total revenue from sales in Japan. The company, established in 1918, rivaled Sony Corp. during Japan's rapid industrialization.... But it has been battered by an onslaught of competition from relative newcomers such as South Korea's Samsung Electronics Co."
Source:
Panasonic's April-June net profit up by 8 fold
wsbtv.com
By ELAINE KURTENBACH
The Associated Press
July 31st,2013
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