It's funny how the outlook of a particular market can change from one day to the next based on news from its major players. To wit, yesterday some pundits were starting to author obituaries for plasma displays based on disappointing sales figures from Pioneer Electronics that led the company to put on hold expansion plans for a new plasma manufacturing plant in Japan.
Today, Panasonic parent company Matsushita, the industry leader in plasma, reported that its plasma sales were strong in the last quarter of 2006, contributing to a nice bump in net profit for the company, and that the first phase of its new $2.3 billion plasma plant will be up and running this summer. The plant, incidentally, will be the largest plasma display factory in the world, according to TWICE.
It just goes to show how relying on the fortunes of one company to benchmark an entire industry probably isn't the wisest form of analysis...
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