Aug 28, 2013 04:10 PM EDT
It will end production at its only smartphone factory by March 2014, the daily said.
The company told NTT DoCoMo Inc that it would stop supplying new smartphone models from this winter, Reuters reported this month, citing the Kyodo news service.
Panasonic, however, will still provide specialized models for corporate users and outsourced models for foreign markets. Production and domestic sales of conventional cell phones will continue as well, the Nikkeireported.
The company has also approached potential buyers for its cellular base station business, including Finland's Nokia, the Nikkei said.
Panasonic said in July that its mobile phone sales decreased sharply in the April-June quarter due partly to NTT DoCoMo's adoption of a new marketing strategy offering bigger discounts for smartphones made by Sony Corp and Samsung Electronics Co.
2. Feb 20, 2019
Two Accessories You Need for Your New Pixel
3. Dec 18, 2018
Is Your Board Equipped With The Right Communication Tools?
4. Jul 16, 2017
Google Pixel XL 2 Specs & Features: Squeeze Gestures, Always On Display, Multiple Display Profiles, And More
1. Jul 16, 2017
Samsung Galaxy Note 8 Accidentally Reveals Shipment in September
2. Jul 14, 2017
AMD RX Vega Vs. Nvidia GTX1080: Battle Of Best GPUs in 2017
3. Jul 14, 2017
Android Wear 2.0 Available On Luxury Louis Vuitton Tambour Horizon That Starts At $2,450
4. Jul 14, 2017
AMD RX Vega News, Update, Release: RX Vega GPU Major Details Leaked Before July 18 Show