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Panasonic bows out of the smartphone industry

Panasonic LogoThe Wall Street Journal has confirmed the departure of Panasonic from the smartphone business. The company has hardly made an impact in the mobile industry with its limited number of smartphones. This was very much expected from the company as numerous reports in the past have indicated. The company made a re-entry in the mobile industry back in 2011 with its eye set on the American market, but that didn’t bear any fruit.

It is said that the company will now focus on making feature phones for its home market of Japan. The region still has a huge demand for feature phones with a large majority of the country’s population still reliant on low cost feature phones. So this is pretty much it for Panasonic’s smartphone unit, as the company now looks to utilize these resources elsewhere. We’re not sure if this news will impact anybody, as the company has been almost non-existent in the smartphone industry. But we’re sure Panasonic will have more luck in the feature phone segment.

Source: The Wall Street Journal

Via: Pocketnow 

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