Friday, October 26, 2012

Nikkei, Reuters claim Panasonic may quit European cellphones after its second bruising

Nikkei, Reuters claim Panasonic may quit European cellphones after its second bruising

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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