Matsushita profit soars 86% on the wings of high flat-panel sales

So Sony didn't do so hot this quarter, but that's not to say someone else can't have fun at its expense. Matsushita Electric just posted its most recent quarterly earnings, and needless to say, it's probably pretty stoked about the 86% rise in profit. According to reports, the majority of the credit goes to digital camera and flat-panel television sales, and even though sales actually decreased 4%, operating profit still rose 48% from a year prior. Good to see someone's making sure that flat-panels rule the consumer electronics roost in 2008.