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Panasonic to Exit Smartphone Business

Sep 26, 2013, 7:06 AM by Eric M. Zeman

Panasonic today announced that it plans to cease making and selling smartphones for consumers. The company has been reevaluating its mobile phone business for several months and moving forward will make only feature phones for its home market of Japan. Feature phones still make up 30% of phone sales in Japan, and Panasonic can produce them at a lower cost and with better margins. Panasonic has not sold cell phones in the U.S. for many years. Panasonic's exit from the consumer smartphone market follows that of in-country rival NEC, which announced similar plans earlier this year.

Wall Street Journal »

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Comments

This forum is closed.

This forum is closed.

Drunk

Sep 28, 2013, 2:42 PM

The question is..

Were they ever really in the business?

sparhawk

My thought exactly.

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