Monday, January 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Smart TVs Could Be Hackers' Next Target
Oculus Forms Virtual-reality Film Studio
Dell Launches Malware Protection and Detection Service
Motorola Returns To The Chinese Market with Three New Phones
LG Display Buys Rights To Use New OLED Technology
Turkish Court Orders Facebook to Remove Pages Insulting Mohammad
Malaysia Airlines And Russian Dating Sites Topface Websites Hacked
Logitech Introduces Portable Videoconferencing Solution
Active Discussions
Sound card for my Laptop
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
what is the minimum burning speed
GSA-4163B and bitsetting
 Home > News > Mobiles > Mitsubi...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, March 03, 2008
Mitsubishi to Stop Making Mobiles


Japan's Mitsubishi Electric said Monday that it will stop making mobile telephones because of a bleak outlook for the loss-making business, which is facing tough competition.

Mitsubishi expects its mobile phone sales in the current fiscal year to March to amount to 2.1 million handsets, worth a total of 100 billion yen (970 million dollars), mainly for leading Japanese carrier NTT DoCoMo.

Mitsubishi has a relatively small share of the overall Japanese market which has annual sales of about 50 million handsets.

The company said it was not planning any layoffs, with roughly 600 workers in the mobile phone business expected to be relocated to other operations.

Mitsubishi Electric will shift resources to areas with brighter prospects, such as communication infrastructure, home and business security systems, and factory automation systems.

The move comes only weeks after rival Sanyo Electric decided to sell its mobile handset production operations to rival Kyocera.


Previous
Next
Microsoft to Expand Online services for Businesses        All News        Micron and Nanya Sign to Explore Joint Development Partnership
Nokia Unveils 6650 Model Exclusively to T-Mobile Clients     Mobiles News      Opera Brings Google Search to Your Pocket

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .