Panasonic Says Samsung Starts Price War for 3-D TVs
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Panasonic Corp., the world’s largest maker of plasma televisions, said it may fail to meet its sales target for 3-D sets after Samsung Electronics Co. unleashed an “unexpected” price war in the U.S.
“No one can keep up” with price cuts by Samsung in the world’s biggest TV market, Yoshiiku Miyata, the head of Osaka-based Panasonic’s TV business, said in an Aug. 30 interview. “It’s become unclear whether we can reach our target” of selling one million 3-D sets in the year to March 31, he said.