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52-778: The Panasonic Lumix DMC-G2 is a digital mirrorless interchangeable lens camera that adheres to the Micro Four Thirds System (MFT) design standard developed by Olympus and Panasonic. It was announced by Panasonic in March 2010 along with the Lumix DMC-G10 . The G2 was introduced as the successor to the Lumix DMC-G1 camera, with upgrades such as 720p high-definition video recording capability in AVCHD Lite and Motion JPEG formats. Key features of

104-900: A bond sale for $ US3.86 billion, most of it to be invested in Gigafactory. In November 2014, Panasonic announced its partnership with Photon Interactive to create customized and personalized digital signs in stores. In January 2015, Panasonic announced it had stopped making TVs in China and plans to liquidate its joint venture in Shandong. In March 2015, Panasonic announced plans to buy US satellite communication service provider ITC Global. Suggested retail price Suggested pricing methods may conflict with competition theory , as they allow prices to be set higher than would be established by supply and demand . Resale price maintenance —fixing prices—goes further than suggesting prices, and

156-604: A "music city" on Toronto's waterfront. In 2005, Matsushita Toshiba Picture Display Co. Ltd. (a joint venture between Matsushita and Toshiba created in 2002 ) stopped production of CRTs at its factory in Horseheads , New York. A year later, in 2006, it stopped production at its Malaysian factory, following heavy losses. In 2007, it bought the venture from Toshiba, eventually ending all production. On January 19, 2006, Matsushita announced that it would stop producing analog televisions (then 30% of its total TV business) from

208-428: A 4000 x 3000 pixel sensor, but in a more compact camera body design enabled by eliminating the reflex mirror and optical viewfinder. A key advantage of the smaller MFT sensor is that it allows for more compact and lightweight native lens designs compared to larger APS-C and full frame sensors used by Canon, Nikon and others. The smaller image circle of MFT lenses also enables slimmer camera bodies. The 2X crop factor of

260-508: A 76.2% stake in FirePro Systems, an India-based company in infrastructure protection and security solutions such as fire alarm, fire suppression, video surveillance and building management. In April 2012, Panasonic spun off Sanyo DI Solutions, a digital camera OEM . In line with company prediction of a net loss of 765 billion yen, on November 5, 2012, the shares fell to the lowest level since February 1975 to 388 yen. In 2012,

312-465: A discount to consumers. List price often cannot be compared directly internationally as products may differ in detail, sometimes due to different regulations, and list prices may or may not include taxes. India and Bangladesh do not use list prices but instead have a maximum retail price . In the United Kingdom, the list price is referred to as a recommended retail price or RRP. In 1998,

364-610: A distributor and seller or between two or more sellers may violate antitrust laws in the United States . In Leegin Creative Leather Prods., Inc. v. PSKS, Inc. , 127 S. Ct. 2705 (2007), the Supreme Court considered whether federal antitrust law established a per se ban on minimum resale price agreements and, instead, allow resale price maintenance agreements to be judged by the rule of reason,

416-471: A fixed price for items. The fixed prices could offer some price protection to small merchants in competition against larger retail organizations. These were determined to be in restraint of trade . Many manufacturers have adopted MSRP, a price at which the manufacturer suggests the item be priced by a retailer. The term "suggested" can be misleading because in many cases, the MSRP is extremely high compared to

468-1125: A high-fidelity audio speaker in Japan in 1965 with the brand Technics . This line of high quality stereo components became a worldwide favorite, the most famous products being its turntables , such as the SL-1200 record player, known for its high-performance, precision and durability. Throughout the 1970s and early 1980s, Matsushita continued to produce high-quality specialized electronics for niche markets, such as shortwave radios, and developed its successful line of stereo receivers, CD players and other components. In 1968, Matsushita began to make rotary compressors for air conditioners, and, in 1971, it began to make absorption chillers, also for air-conditioning applications. In 1972, Matsushita established its first overseas factory, in Malaysia. In 1973, Matsushita established "Anam National", joint venture with Anam Group in South Korea. In 1983, Matsushita launched

520-939: A leader in the film industry as well. However, Matsushita subsequently sold 80% of MCA to Seagram Company for US$ 7 billion in April 1995, demoralized by the high volatility of the film industry. In 1992, Matsushita made the Panasonic FS-A1GT, the last model of the MSX turbo R computer. In 1993, Matsushita released the CF-V21P , the first notebook computer to have an integrated CD-ROM drive as an option (although only up to 80mm/3.5 inch diameter mini CDs instead of standard 120mm/4.7 inch diameter discs). In 1998, Matsushita sold Anam National to Anam Electronics. On May 2, 2002, Panasonic Canada marked its 35th anniversary in that country by giving $ 5 million to help build

572-536: A line of bicycle lamps that were the first to be marketed with the National brand name. During World War II , the company operated factories in Japan and other parts of Asia which produced electrical components and appliances such as light fixtures , motors , electric irons , wireless equipment and its first vacuum tubes . After the war, the Matsushita group, largely having been split into MEI and MEW by

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624-436: A press release following its announcement at IFA 2013, Panasonic announced that it had acquired the "Cameramanager video surveillance service" with the intention of expanding its reach to cloud-based solutions. In 2014, Panasonic Healthcare was bought by KKR . Panasonic Healthcare was renamed PHC in April 2018. In July 2014, it was announced that Panasonic has reached a basic agreement with Tesla Motors to participate in

676-680: A primary listing on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices. It has a secondary listing on the Nagoya Stock Exchange . From 1925 to October 1, 2008, the company's corporate name was "Matsushita Electric Industrial Co." (MEI). On January 10, 2008, the company announced that it would change its name to "Panasonic Corporation", in effect on October 1, 2008, to conform with its global brand name "Panasonic". The name change

728-640: A product brand for MEI and subsequently the Panasonic Corporation. In September 2014, Panasonic announced the revival of the Technics brand, first in European markets in December of that year. Panasonic, then Matsushita Electric, was founded in 1918 by Kōnosuke Matsushita as a vendor of duplex lamp sockets. In the 1920s, Matsushita began regularly launching products. In 1927, he produced

780-526: A purely vertical minimum RPM agreement might be illegal. First, "[a] dominant retailer ... might request resale price maintenance to forestall innovation in distribution that decreases costs. A manufacturer might consider it has little choice but to accommodate the retailer's demands for vertical price restraints if the manufacturer believes it needs access to the retailer's distribution network". Second, "[a] manufacturer with market power... might use resale price maintenance to give retailers an incentive not to sell

832-585: A second life on MFT bodies, providing high quality optics at low cost. The 2X crop of MFT effectively turns a 50mm full frame "standard" lens into a 100mm portrait telephoto lens. Upon introduction in March 2010, the Panasonic Lumix DMC-G2 was marketed as the world's first interchangeable lens camera with an articulated, touch control LCD. Also added was 720p HD video and a redesigned physical user interface, changing placement of dials and button controllers, and an electronic viewfinder. Notably,

884-419: A supplier may specify a maximum price for retail. There is an exception to this where the reseller is engaging in a loss-leading exercise. 'Rack rate' is the travel industry term for the published full price of a hotel room, which the customer would pay by just walking into the hotel off the street and asking for a room. In some jurisdictions, a customer may be entitled to overstay a reservation by paying

936-739: Is 30 fps) (60p done with frame dup) 1280 × 720 (sensor output is 25 fps) (50p done with frame dup) [REDACTED] Media related to Panasonic Lumix DMC-G2 at Wikimedia Commons No Video | Weather Sealed | All the Rest Panasonic Panasonic Holdings Corporation is a Japanese multinational electronics company, headquartered in Kadoma , Osaka , Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in Fukushima , Osaka by Kōnosuke Matsushita . In 1935, it

988-663: Is different from the actual price paid to the manufacturer by the dealer, which is known as the " invoice price ". There are now numerous sources, such as online appraisal tools, that can be used to find the MSRP and invoice price. MAP, or Minimum Advertised Price, refers to the lowest price a retailer is allowed to advertise a product for sale. It's a policy that manufacturers or distributors set to maintain brand identity and to ensure that retailers do not advertise or sell their products at excessively low prices, which can lead to several issues such as: brand devaluation, price erosion and unfair competition. Fixed pricing established between

1040-436: Is illegal in many countries. Retailers may charge less than the suggested retail price, depending upon the actual wholesale cost of each item, usually purchased in bulk from the manufacturer, or in smaller quantities through a distributor . The suggested price is sometimes unrealistically high, so the seller can appear to be offering a discount. Some retailers apply discount stickers over top of original prices to indicate

1092-676: The Gigafactory , the battery plant that the American electric vehicle manufacturer plans to build in the U.S. In August 2014, Tesla said the plant would be built in the Southwest or Western United States by 2020. The $ US5 billion plant would employ 6,500 people, and reduce Tesla's battery costs by 30 per cent. Due to increased competition from China, Panasonic's Li-ion automotive market share decreased from 47% in 2014 to 34% in 2015. In June 2016, Tesla announced that Panasonic would be

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1144-578: The Panasonic brand, having phased out the Sanyo brand in the first quarter of 2012. It uses the marketing slogan "A Better Life, A Better World". The company has sold products under a number of other brand names during its history. In 1927, Matsushita adopted the " National " brand name for a new lamp product. In 1955, the company began branding audio speakers and lamps as " PanaSonic " for markets outside of Japan. Further refined to Panasonic, taken from

1196-787: The Panasonic Senior Partner , the first fully IBM PC compatible Japanese-made computer. A year later, Panasonic released the Executive Partner , the first affordable portable computer with a plasma display . Around this time the company also introduced inverter air conditioners. In 1984, Matsushita established the Panasoft software label, which published software for MSX computers from 1984 to 1989. The company also manufactured MSX computers of their own, such as Panasonic FS-A1. In November 1990, Matsushita agreed to acquire an American media company, MCA Inc. ,

1248-663: The Secretary of State for Trade and Industry prohibited the placing of RRP on electrical goods under the "Domestic Electrical Goods Order", but this ruling was lifted by the Competition Commission in February 2012. In the United States, the list price is referred to as the manufacturer's suggested retail price or MSRP. Under earlier US state Fair Trade statutes , the manufacturer was able to impose

1300-544: The 14-42mm kit lens as a step down in both optical image quality and build quality from the original 14-45mm kit lens. The camera is available in three colors — black (suffix K), red (R) and blue (B). MSRP in the United States for the body and 14-42mm kit zoom lens was $ USD 800.00. The G2 camera's successor model is the Panasonic Lumix DMC-G3 which was announced in May 2011. 1280 × 720 (sensor output

1352-509: The G2 include a touchscreen interface that allows control of many camera functions including touch-based selection of focus points within the live view frame. This duplicating the control options provided by the physical dials and buttons on the camera body. The G2 was sold with a redesigned 14-42mm Panasonic kit lens that was lighter and less expensive than the 14-45mm lens included with the G1. At launch,

1404-464: The G2 was not capable of full 1080p HD video as was the then top-of-the-line Panasonic GH1. The ability to choose the focus point by touching the desired area on the screen was implemented in all Panasonic MFT cameras introduced after the G2. Other manufacturers such as Sony with its new NEX family of cameras, and Olympus in its PEN E-P3 MFT camera also incorporated use of the touch screen feature for camera controls. The "new" 14-42mm kit zoom lens

1456-533: The MFT sensor compared to 35mm full frame means that lenses can be designed smaller and lighter for any given angle of view. For example, a typical MFT 14-42mm f/3.5-5.6 kit lens weighs 112g and measures 50mm long, while an equivalent Canon APS-C 18-55mm f/3.5-5.6 kit lens weighs 190g and is 80mm long. Unlike the Four Thirds System which was optimized for DSLR designs with a mirror box and optical viewfinder,

1508-645: The MFT standard pursues a mirrorless approach. MFT cameras use an electronic viewfinder or LCD screen for live view, eliminating the complex optical path required for an optical viewfinder. This enables more compact camera bodies and lenses. The MFT standard is also designed for seamless switching between stills and HD video recording. The short 20mm flange focal distance of MFT cameras, compared to over 40mm for most DSLRs, allows virtually any existing interchangeable lens to be mounted via an adapter, albeit with only manual focus and aperture control. This means legacy 35mm film lenses and lenses for larger format cameras can gain

1560-901: The National brand in Japan by March 2010. In September 2013, the company adopted a new tagline to better illustrate their vision: "A Better Life, A Better World." The Chinese company Shun Hing Electric Works and Engineering Co. Ltd (信興電工工程有限公司) has sold imported Panasonic and National branded product under the brand name Rasonic since the Matsushita Electric Industrial era. They have also sold MEI and Panasonic products under their original brand names. In June 1994, Panasonic Shun Hing Industrial Devices Sales (Hong Kong) Co., Ltd. (松下信興機電(香港)有限公司) and Panasonic SH Industrial Sales (Shenzhen) Co., Ltd. (松下電器機電(深圳)有限公司) were established by joint venture between Matsushita Electric Industrial and Shun Hing Group respectively, making Rasonic

1612-557: The National brand outside North America from the 1950s to the 1970s (the trademark could not be used in the United States because it was already in use). The inability to use the National brand name led to the creation of the Panasonic brand in the United States. Over the next several decades, Matsushita released additional products, including black and white TVs (1952), electrical blenders, fridges (1953), rice cookers (1959), color TVs, and microwave ovens (1966). The company debuted

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1664-400: The United States and met American dealers. The company began producing television sets for the U.S. market under the Panasonic brand name, and expanded the use of the brand to Europe in 1979. Its plant in 1963 produced eight TV sets per minute, accounting for 21.8% of Japan's production of cathode ray tube television sets at the time, the largest share out of any company. The company used

1716-413: The acquisition of Sanyo by Panasonic. The merger was completed in December 2009, and resulted in a corporation with revenues of over ¥11.2 trillion (around $ 110 billion). With the announcement that Pioneer would exit the production of its Kuro plasma HDTV displays, Panasonic purchased many of the patents and incorporated these technologies into its own plasma displays . In April 2011, it

1768-558: The actual wholesale cost, opening the market to " deep discounters ", who are able to sell products substantially below the MSRP but still make a profit. The discount stores benefit from exorbitant MSRPs because the discount offered increases the perceived value to customers. A common use for MSRP can be seen in automobile sales in the United States. Prior to the spread of manufacturer's suggested retail pricing, there were no defined prices on vehicles, and car dealers were able to impose arbitrary markups , often with prices adjusted to what

1820-435: The dissolution imposed by the occupation force, imperfectly regrouped as a Keiretsu and began to supply the post-war boom in Japan with radios and appliances, as well as bicycles. Matsushita's brother-in-law, Toshio Iue , founded Sanyo as a subcontractor for components after World War II. Sanyo grew to become a competitor to Matsushita, but was later acquired by Panasonic in December 2009. In 1961, Matsushita traveled to

1872-474: The exclusive supplier of batteries for its mass market vehicle Model 3. Batteries for the higher-end Model S sedan and Model X SUV will also be supplied by Panasonic. In early 2016, Panasonic president Kazuhiro Tsuga confirmed a planned total investment of about $ 1.6 billion by the company to construct Gigafactory to full capacity. However, after the number of Model 3 reservations became known in April, Panasonic moved production plans forward and announced

1924-552: The hotel industry in relation to the advertised pricing of hotel rooms. As of April 2011, this was an administrative priority of the OFT. In Australia, any sort of attempt at setting minimum advertised pricing or any retaliation against such a reseller is against the Competition and Consumer Act. It is also illegal for resellers to ask their suppliers to use recommended price lists to stop competitors from discounting. In most cases,

1976-587: The next month, to concentrate on digital televisions. In 2008, all models of electric shavers from the Panasonic factory were called Panasonic shavers, and they dropped Matsushita and National from their name. In late 2006, Matsushita began talks with Kenwood Corporation to sell and spin off JVC. As of October 1, 2008, JVC and Kenwood merged to create the JVCKenwood Corporation. On November 3, 2008, Panasonic and Sanyo announced that they were holding merger talks, which eventually resulted in

2028-536: The predecessor of both Universal Music Group and Universal Pictures , for US$ 6.59 billion. The acquisition was preceded by the takeover of Columbia Pictures by Sony , the arch rival of Matsushita. At the time, Matsushita had dominated the home video market with the company's leading position in the electronics market. It had been strengthened by VHS , the de facto standard of consumer videotape that Matsushita and JVC co-introduced. Inspired by Sony's bold quest for Hollywood, Matsushita believed it could become

2080-472: The process. Also, it sold some of Sanyo's home appliances business to Haier . In January 2012, Panasonic announced that it had struck a deal with Myspace on its new venture, Myspace TV . Myspace TV would allow users to watch live television while chatting with other users on a laptop, tablet or the television itself. With the partnership, Myspace TV would be integrated into Panasonic Viera televisions. On May 11, 2012, Panasonic announced plans to acquire

2132-677: The products of smaller rivals or new entrants." In both of these examples, an economically powerful firm uses the RPM agreement to exclude or raise entry barriers for its competition. In addition, federal law is not the only source of antitrust claims as almost all of the states have their own antitrust laws. In the UK, in September 2010, an investigation was launched by the Office of Fair Trading into breaches of competition law by online travel agents and

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2184-552: The rack rate. While the rack rate can be lower than the maximum rate that the hotel may be allowed to charge under local laws, it is higher than the rate most travel agents can book for their customers. Sometimes the terms "run of the house" or "walk-up rate" (in Europe usually: "walk-in rate") are used to refer to the same highest rate. The term "rack rate" is also used by travel-related service providers, such as car rental companies or travel mobile phone rental companies, to refer to

2236-507: The salesperson thought the prospective purchaser would be willing to pay for a particular vehicle. Currently, the MSRP, or "sticker price", the price of a vehicle as labeled by the manufacturer, is clearly labeled on the windows of all new vehicles, on a Monroney sticker , commonly called the "window sticker". The sticker was added as part of the Automobile Information Disclosure Act of 1958. The MSRP

2288-728: The shares plunged 41 per cent. On November 14, 2012, Panasonic said it would cut 10,000 jobs and make further divestments. On May 18, 2013, Panasonic announced that it would invest $ US40 million in building a factory in Binh Duong , Vietnam , which was completed in 2014. In July 2013, Panasonic agreed to acquire a 13% stake in the Slovenian household appliance manufacturer Gorenje for around €10 million. That same month, Panasonic signed an agreement with Sony Corporation to develop Archival Disc , described as an optical disc format for long-term data archival purposes. In

2340-473: The suggested retail price for the Panasonic Lumix DMC-G2 with 14-42mm lens kit was $ 800 USD in the United States market. It was available in black, red and blue color options. The Micro Four Thirds (MFT) system is a camera design standard jointly developed and announced in 2008 by Olympus and Panasonic as an evolution of their previous Four Thirds System. Like the Four Thirds System , it uses

2392-599: The usual standard applied to determine if there is a violation of section 1 of the Sherman Act . In holding that vertical price restraints should be judged by the rule of reason , the Court overruled Dr. Miles Medical Co. v. John D. Park & Sons Co. , 220 U.S. 373 (1911). Because the rule of reason applies, minimum RPM agreements may still be unlawful. In fact, in Leegin , the Court identified at least two ways in which

2444-580: The words "pan" – meaning "all" – and "sonic" – meaning "sound", the brand was created for the Americas because the National brand was already registered by others. Panasonic also sold the first bread machine . The company began to use the brand name " Technics " in 1965 for audio equipment. The use of multiple brands lasted for some decades. While National had been the premier brand on most Matsushita products, including audio and video, National and Panasonic were combined as National Panasonic in 1997 after

2496-416: The worldwide success of the Panasonic name. In 1974, Motorola sold its Quasar brand and facilities to Matsushita. In May 2003, the company announced that Panasonic would become its global brand, and launched the global tagline "Panasonic ideas for life." By March 2004, Matsushita replaced the National name for products and outdoor signboards, except for those in Japan. They would eventually phase out

2548-469: Was announced that Panasonic would cut its work force by 40,000 by the end of fiscal 2012 in a bid to streamline overlapping operations. The curtailment is about 10 percent of its group work force. In October 2011, Panasonic announced that it was going to trim its money-losing TV business by ceasing production of plasma TVs at its plant in Amagasaki , Hyogo Prefecture by March 2012, cutting 1,000 jobs in

2600-626: Was approved at the shareholders' meeting on June 26, 2008. In 2022, Panasonic announced a reorganization plan which split the company into Panasonic Holdings Corporation (the former Panasonic Corporation) and conversion of its divisions into subsidiaries; the Lifestyle Updates Business Division being the division that took the Panasonic Corporation name after the reorganization. The reorganization took effect on April 1, 2022. Panasonic Corporation currently sells virtually all of its products and services worldwide under

2652-503: Was incorporated and renamed Matsushita Electric Industrial Co., Ltd. In 2008, it changed its name to Panasonic Corporation . In 2022, it became a holding company and was renamed. In addition to consumer electronics , of which it was the world's largest maker in the late 20th century, Panasonic offers a wide range of products and services, including rechargeable batteries , automotive and avionic systems, industrial systems, as well as home renovation and construction. Panasonic has

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2704-451: Was less expensive than the original optical image stabilized 14-45mm f/3.5-5.6 kit zoom lens that came with the G1. The 14-42mm kit lens is lighter, but longer than the original 14-45mm kit lens, features a plastic, rather than metal lens mount, and omits on-off switch for the in lens optical image stabilization system. However, the 14-42mm optical image stabilization system on-off could be controlled through camera menus. Many enthusiasts regard

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