Wednesday, August 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
TCL and Roku Introduce Streaming TVs
Ballmer Steps Down From Microsoft Board
Samsung To Unveil New Smart TV Content at IFA 2014
LG's Flowing Sound Audio Wireless Solution Coming At IFA
ASUS To Unveil Smartwatch At IFA
WD Releases Anniversary Edition My Passport Drives
JPR Reports AMD, Intel Jump in GPU Shipments, Nvidia Slips
HTC One M8 for Windows Unveiled
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 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 .