Panasonic set to ditch smartphones

Panasonic looks poised to pull out of the European smartphone market after less than year. The Japanese giant made a return to the smartphone fray in Europe in April this year, but according to insiders the unprofitable business is set to be killed off.

Reuters say that it has spoken to two anonymous sources, who said that Panasonic would most likely wind up its European mobile business by 31 March 2013. That means it will have spent less than year back in a market which it originally left in 2005.

Word is that Panasonic feels the financial crisis in Europe is to blame for its sluggish performance. But with only the major players truly gaining ground in the smartphone business, it’s not unsurprising it’s decided to cut its losses.

Panasonic is set to reveal its latest financial figures on Wednesday, 31 October, when an official announcement about its European smartphone business could be made.

Via Reuters

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now