Nikkei: Panasonic to halve digital camera roll-outs in 2014

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

Panasonic (PCRFY +1.1%) will halve the number of new compact digital camera models it rolls out in 2014 from this year's level, the Nikkei reports. The company is attempting to shift its focus to automotive systems and housing fixtures as it steps back from its struggling TV and consumer gadget businesses.

Panasonic expects the digital camera business to report losses for the second year in a row, as global sales fall more than 2M units to 4M, the paper wrote.