"Panasonic has publically stated its goal to be the number one green innovation company in the electronics industry by 2018, which will mark Panasonic's 100th anniversary, " noted Jim Doyle, president of Panasonic Enterprise Solutions Company.

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The company basically sets the agenda for the consumer electronics industry.

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This is the same area of the economy that they company aims all of its electronics products with little work done for industry and businesses.

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Executives said Best Buy is well positioned to benefit from the changes in electronics, noting that the company offers the largest e-reader assortment in the industry and is heavily focused on its Best Buy Mobile business, which offers smartphones from multiple carriers under one roof, similar to the way such phones are marketed in Europe.

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The company also serves the automobile industry with interior systems that include seating, electronics, instrument and front panels, floor consoles and door systems.

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"The Optimus G is a groundbreaking premium device not only in the history of LG but also in the smartphone industry, " said Dr. Jong-seok Park, president and CEO of LG Electronics Mobile Communications Company.

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