The half-inch thick, 56-inch television, based on organic light-emitting diode technology, is a mere inch bigger than ones offered up bySamsung ElectronicsÂ andÂ LG ElectronicsÂ a year ago in Las Vegas. The technology in theory allows for thinner screens that consume less power.
Japan’s Sony Corp, which is cooperating withÂ PanasonicÂ in OLED technology, on Monday unwrapped its own 56-inch ultra high-definition model.
Sony on Monday also said it will widen its range of ultra high-definition LCD sets to three this year, as it stakes out its territory in next-generation TVs.
LG, which has started to take orders for its thinÂ OLED screens, plans sales in the United States of a $12,000, 55-inch model beginning in March, making it the first company to commercialize the new technology.
Nonetheless, Kazuhiro Tsuga, the president of Panasonic, told industry executives and reporters at the Consumer Electronics Show in Las Vegas that “Many people think of Panasonic as a television manufacturing company. In fact, for nearly 100 years we have been making a vast range of products.”
Tsuga said that Panasonic will focus on selling products like batteries for cars, in-flight entertainment systems, hydrogen cells, solar panels and LED lighting to businesses, while boosting its appliance unit and reducing its exposure to the hyper-competitive consumer electronics arena.
“Panasonic’s future is being built on far more than a single product category,” Tsuga said.
Panasonic and Japan’s two other big TV makers, Sony andÂ Sharp, have been hammered in conventionalÂ LCD screensÂ by competition from Korean rivals led by Samsung.
Japan’s share of the world’s flat panelÂ TV marketÂ this year likely contracted to 31 per cent from 41 per cent in 2010, according to the Japan Electronics and Information Technology Industries Association.
Tsuga has also vowed to deliver the details of a revival plan by the end of March. So far, he has said that businesses that fail to achieve a 5 percent operating margin within two years will be shuttered or sold.
Sales of its weakest units may start next business year.
Panasonic is forecasting a net loss of $8.9 billion in the year to March 31.