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. Nov 02, 2019
Color Theory Gets a Technology Makeover with Appy Pie's Color Wheel
3. Oct 10, 2019
Is Your Data Center Hurting Your Business?
4. Sep 20, 2019
5 Facts About Mobile App Development That Will Keep You Up At Night
1. Sep 09, 2019
Why Android Remains at the Top of Its Game
2. Sep 02, 2019
Tips to Get Car Insurance for a Teen Driver
3. Aug 23, 2019
Five Ways to Increase the Cyber Security of Your Business
4. Jul 26, 2019
5 Benefits of Using A Mobile App For Real Estate Agents