Once bitten, twice shy. Panasonic backed out of the European cellphone market in 2005 and gave it a second chance with its Eluga smartphone this spring, but both Nikkei and Reuters hear that the company is already considering its second withdrawal. A tough economy and a presently successful cost-cutting initiative (not to mention an uninspiring product, if we're honest) could have Panasonic exiting Europe before its fiscal year winds down at the end of March.
Engadget , Nikkei, Reuters claim Panasonic may quit European cellphones after its second bruising, Nikkei, Reuters claim Panasonic may quit European cellphones after its second bruising
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