Summary Box: Panasonic posts quarterly loss

The Associated Press
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A man inspects Panasonic TVs at an electronics retailer in Tokyo, Monday, Oct. 31, 2011. Panasonic Corp. stayed in the red in the latest quarter and projected a huge annual loss due to slumping TV sales and the strong yen. (AP Photo/Koji Sasahara)

LOSING MONEY: Panasonic Corp. reported another loss in the latest quarter and projected a huge loss for the year.

SLUMPING SALES: Sales were down in flat panel TVs, auto electronics and cellphones as well as electronics parts and components.

CONTRIBUTING FACTORS: Besides the global economic slump and slower demand in emerging markets, Panasonic faces a strong Japanese currency. That means sales overseas are converted back into fewer yens, unless the company raises prices, which then makes its products less competitive.