As one of the leading consumer electronics companies in the world, Pansonic generated more than 60 billion U.S. dollars in revenue in 2017. Just as Hitachi, Sony and Toshiba, Panasonic is an international conglomerate based in Japan. Panasonic’s total assets in the 2017 fiscal year amounted to almost 50 billion U.S. dollars, a decrease of about three billion U.S. dollars from the previous fiscal year. Aside from the Japan-based companies, LG Electronics and Sharp are also some of Panasonic’s competitors in the consumer electronic market.
Panasonic employed almost 250 thousand people worldwide in 2017. The number of Panasonic employees has been decreasing since 2010, when the company had more than 380 thousand employees worldwide. Panasonic is amongst the companies with the most U.S. patents granted. Despite that, Panasonic’s investments in research and development have consistently decreased since 2012. In 2017, Panasonic spent about 4 billion U.S. dollars on R&D, whereas its R&D spending was nearly 4.4 billion U.S. dollars in 2012.