Panasonic to Beat Annual TV Sales Target, Ohtsubo Says

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Panasonic Corp., the world’s largest maker of plasma televisions, expects to beat its full-year TV sales target, helped by sales in the Japanese market, President Fumio Ohtsubo said.

TV sales in the year ending March 31 are poised to exceed the 21 million sets the company had anticipated, Ohtsubo said in an interview in Tokyo today. The Japanese government’s "eco-point" incentives for purchases of energy-saving electronics boosted sales at home, its biggest market, while demand in the U.S. has been in line with the company’s expectations, he said.