Panasonic wants 15% of digicam market by 2009

Posted on Monday, Feb 04 2008 @ 03:51 CET by Thomas De Maesschalck
CNET writes Panasonic has big plans for the digital camera market. The firm hopes to achieve a 15% marketshare by 2009:
"We will try our best to achieve 15 percent market share by 2009," Tokihazu Matsumoto, director of the company's digital still camera business unit, said at a news conference at the Photo Marketing Association trade show here. "We aim to become one of the top camera brands in the industry."

The company also is hoping to reach 15 million units globally during the fiscal year, which for Panasonic runs through March 2010.

That's a big step up from the 10 percent share the company said it had for fiscal 2007. To reach its goal, Panasonic said, it hopes for 13 percent share in 2008, Matsumoto said.

Panasonic's goal is "aggressive," given that the digital camera market isn't growing much and most sales are to repeat buyers, said InfoTrends analyst Ed Lee.

"To get to 15 percent means they're going to have to climb over a few manufacturers to get there," Lee said. Specifically, that means Sony, with a market share percentage already in the high teens, and Canon, with market share exceeding 20 percent.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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