Panasonic slashes full-year forecast
China Daily | Updated: 2008-11-28 08:10
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A model shows off Matsushita Electric Industrial Co's new digital still camera, the Panasonic LUMIX FX33, at an unveiling in Tokyo. Bloomberg News |
Panasonic Corp, the world's largest consumer-electronics maker, slashed its full-year profit forecast by 90 percent as the global recession damped demand and product prices fell.
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