Panasonic Corporation, formerly known as Matsushita Electric Industrial Co., Ltd., is a Japanese multinational electronics corporation headquartered in Kadoma, Osaka, Japan. The company was founded in 1918 and has grown to become one of the world's largest electronics producers. In addition to electronics, it offers non-electronic products and services such as home renovation services. Panasonic is the world's fourth-largest television manufacturer. At the moment Panasonic offers a wide range of products and services including home appliances, televisions, personal computers, mobile phones, audio equipment, cameras, broadcasting equipment, projectors, automotive electronics, and smartphones.
The company is a renowned name in the mobile making sector that manufactures mobile phone handsets and related equipment under the brand name of Panasonic Mobile Communications. As of 2012, it had around a 20 percent share of the Japanese handset market. Panasonic used to market smartphones worldwide, but in December 2005 announced its withdrawal from overseas markets due to poor sales. Panasonic returned to the overseas market in 2012, with the release of the Panasonic Eluga Android-powered smartphone.
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