Panasonic to focus on 3G, quits GSM production

Posted on Monday, December 12 2005 @ 6:22 CET by Thomas De Maesschalck

Matsushita decided to withdraw from the highly competitive and unprofitable GSM business to focus on 3G and 4G phones. They will also switch from Symbian-based to Linux-based phones.

Panasonic Mobile is the second largest Japanese supplier after NEC. It was the eighth-ranked global supplier last year.

Panasonic Mobile recorded a ¥8.9 billion (about $74 million) operating loss last fiscal year. The first half of this fiscal year ended in September with a loss of ¥1.9 billion (about $17 million), mainly due to poor GSM business in Europe and China.

Panasonic holds about about 30 percent of the world 3G market, a spokesman claimed.

More details over here.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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