Panasonic Allegedly Planning On Leaving the European Market Again

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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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