Reading up on these news today...
This doesn't look good at all...I'm not saying the name will disappear...but some pathetic merger may happen. It's a sad world. I used to joke about these things but it really seems that this world is going to be left with 1 brand that will produce everything.
This reminds me of hard-drive market 10 years ago and today, when we have 2 brands that supply the world (lol). If Panasonic slides off further down due to these economic times, could that mean that the Lumix brand will be neglected?
I wouldn't be surprised (in that scenario) if Lumix turns to compact, pocket point and shoots for tourists. I could be wrong here, I'm just speculating off the fact that the company got into this situation.
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12-10-2012 07:58 AM
12-10-2012 08:19 AM
Panasonic's Financial state has very little to do with the GH3. The GH3 will sell very well. Panasonic's losses stem mostly from its consumer electronics divisions and the increased competition from cheap Chinese electronics.
12-10-2012 08:28 AM
Panasonic’s losses were in the TV market so if push comes to shove hopefully they’ll just sell off or merge the loss making divisions alone.
I’m very impressed with the GH3, I actually sold my Canon XF300 given the confidence I have in the camera. At last I can photo in the rain with only the worry of my hair getting wet, unlike with the GH2 where I was nervous of damaging it.
12-10-2012 10:08 AM
- Join Date
- Aug 2005
- Ypsilanti MI
Panny invested heavily in 3-D technology, both cameras and TVs. The general public's absolute disinterest in it, other then for a few big budget movies, has hurt them badly.
Don't know if the GH3 will sell like gangbusters - the hacked GH2 seems to offer almost the same performance (maybe better in some ways) at less then half the price, and true video cameras like the BMC (if it ever comes out in numbers) would seem to be cutting into the prime reason to get the GH3, namely resolution.
Of course, none of the Japanese tech companies seem to be very healthy right now.John Vincent
Evil Genius Entertainment.com
12-10-2012 10:14 AM
12-10-2012 10:21 AM
Personally I feel the world is starting to hit a quality peak. First we saw it with big screen TV's. The jump from old CRT TV's and digital TV's got everybody excited and wanted to buy the new cool thing. It was a pretty huge jump in terms of quality. Now what is so exciting to make somebody upgrade from a 42" LCD TV to another 42" LCD TV? 3D? 120hz? These are mostly marketing gimmicks and electronic companies no longer have that desired quality jump consumers would like to see from an upgrade. I'm not saying all 42" TVs are equal but that it is harder for a average consumer to tell the difference. Honestly with the way Best Buy hooks up their TV's I'm shocked anybody would walk out of that store with a new TV.
Cameras are sort of the same situation. We started off the digital age with DV cameras which was exciting. Then we took a massive jump up to HDV which was equally exciting. Next we had the DSLR revolution which was another massive jump in the kind of productions we could shoot. What is that next step? A little bit more detail or dynamic range? These are very incremental updates now and I doubt anybody is going to rush out and replace their cameras for an incremental upgrade. Some of us will but not everybody will.
It really makes sense why electronic companies are struggling. They had a massive boost with the birth of the digital age but now that they saturated the market they no longer have that wow factor. 3D was supposed to be it but it is going to be hard to replicate the expansion of switching from an analog world to a digital world. Even 4k would have a ehhhh effect on most consumers. Perhaps companies should have eased people into this technology slower. Then maybe they could have sustained their sales a bit better and longer.
12-10-2012 10:23 AM
- Join Date
- Aug 2008
The article said Panny might sell one building. Nothing about mergers or buyouts. A building.
Not a big deal, I think.
12-10-2012 10:38 AM
Now, whether those functional and construction improvements are important to some I can't tell. If IQ is the only consideration, then perhaps not. But the GH3 is not an incremental update.