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Panasonic will no longer sell its TVs in Australia

Despite numerous decades of bringing its high-quality televisions to Australia, Japanese electronics giant Panasonic has made the surprise announcement that it's officially withdrawing its TV products from sale in the country.

In a media statement issued yesterday afternoon, Panasonic Australia's managing director Paul Reid cited "current local market conditions" and a desire to "focus on other established and emerging areas of the business" as the key factors behind the decision.

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