Panasonic told Bloomberg News today that it plans to invest $1 billion by 2012 to make its solar power and energy-saving technologies for homes and buildings its “principal business.”
President Fumio Ohtsubo made the comments when interviewed about the purchase of Sanyo Electric, which has not closed as yet.
I’m not going to say “I told you so” but in one of my blogs from CEATEC in Japan during October, one could see that Panasonic and others see energy-saving technologies, as well as health-care related products, as growth categories that can match up well with next-generation CE and major appliance products.
Three decades ago CE retailers would never have thought they would be selling home and cellular phones or computers, but the times, and this industry, always changes.
Click here for more of the Bloomberg story.