Panasonic retires from smartphone business

Panasonic’s smartphone story is an interesting, agitated, and sad one. The Japanese company has left the European market in 2005, and, six years later, in 2011, has returned with plans of presence on the American market too. One year later it planned its departure again, and, one year later, counting as present, we’ve heard it was planning on abandoning the smartphone business altogether.

Sadly, the reports turned out to be true. Today, The Wall Street Journal published a company confirmation, as Panasonic “plans to stop development of smartphones for the mass market in order to reallocate its resources elsewhere”.

So, what’s there for Panasonic in the future, as far as phones are concerned? The Japanese company plans on manufacturing feature-phones, which, interestingly, in Japan, still account for almost a third of phone sales.

Source: The Wall Street Journal

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Anton D. Nagy
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