Japanese electronics giant Panasonic Corp. (PC) will partner U.S. consumer electronics retailer Best Buy Co. Inc. (BBY) to sell its 3D televisions in the U.S., according to reports on Sunday. Best Buy will provide exclusive display area at more than 100 of its biggest stores, expanding it to more than 1,000 stores later, to help customers to try out the TV's.
Panasonic intends to sell the 3D TV's in the U.S. at nearly a 50% discount at about $2,500. The same TV's are to be launched in Japan later in the year at about 430,000 yen, or $4,800.
According to Panasonic, Best Buy and Panasonic will hold an event on March 10 to announce the exclusive and immediate availability of Panasonic's first 1080p full HD 3D home theater system. These systems will be available at Best Buy's Magnolia Home Theater stores.
The home theater system will reportedly include a 3D-capable Blu-ray Disc player and a surround sound system along with Panasonic's first retail-ready 3D TV with the highest high-def resolution possible.
Meanwhile, Samsung has also been making noise with retailer Sears about the Korean firm's upcoming 3D-ready LED TV models which are expected in March. Earlier this week, Sony announced they were moving ahead with the Bravia line of 3D HDTVs which will be on display at almost any Sony Style store, and to be launched this summer.
BBY closed Friday's regular trading session at $38.64, up $1.49 or 4.01% on a volume of 11.73 million shares, and PC closed at $14.34, up $0.32 or 2.28% on a volume of 0.41 million shares.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.