Panasonic Allegedly Planning On Leaving the European Market Again

In 2005 Panasonic has left the European market because of fierce competition just to make its plans to return public at the end of 2011, followed by the actual return to the market this March, after the MWC, where they showed off the Eluga Android-powered phone, as planned.

It looks like the company is preparing to leave the European market again, and we have a feeling that, if true, this time for good. Reuters claims sources informed them of Panasonic’s plan to retreat at the fiscal year’s end on March 31. The company was planning on selling 1.5 million phones in Europe but said anonymous sources claim that the target is unachievable.

Source: Reuters

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About The Author

Anton D. Nagy

Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.