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Matsushita ready to expand DVD-recorder to Europe and U.S.

Posted 30 December 2002 16:23 CET by G@M3FR3@K

The Japanese Matsushita or better known as Panasonic is hoping to match the domestic success of its DVD recorders in overseas markets (Europe and America) next year, according to an article on Yahoo!Finance. In Japan, "Panasonic" DVD recorders sell well, giving the company the leading position in the rapidly growing market segment. DVD recorders are expected to replace their aging predecessor, the video cassette recorder. Matsushita now makes 150,000 units a month of DVD-related consumer products at its flagship Kadoma factory in Osaka, including 80,000 units a month of DVD recorders. It hopes to boost its monthly production capacity of DVD recorders to 150,000 units within the next two years. So perhaps next year we'll see some more competition on the European and American DVD-recorder market, especially when Lite-On will join in with their cheap DVD-recorders. Source: Yahoo!Finance

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