Friday, July 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. In Running out Of IP Addresses
Uber Suspends UberPOP in France
Casio To Enter The Smartwatch Market
GELID Has A new Low-profile CPU Cooler for Intel LGA115x
Sharp Plans to Release Transparent LCDs
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Windows 7 Remains The Leading Operating System
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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 .