Thursday, December 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
North Korea Linked To Recent Sony Hacking
Sony Global Education Established
CEA and Japan Audio Society to Jointly Promote Hi-Res Audio
Intel, IBM Follow Different Strategies On 14nm FinFET
Toshiba Announces 6TB Enterprise Capacity HDD Models
WebOS 2.0 Smart TV Platfom To Debut At CES
ICANN Targeted in Phishing Attack
BlackBerry Classic Makes Official Debut
Active Discussions
Windows xp
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 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 1998-2014 - All rights reserved -
Privacy policy - Contact Us .