Panasonic to abandon smartphone business

The Japanese electronic brand, Panasonic, moves towards abandoning research in smartphones for consumer markets as it struggles to compete with dominant brands including Apple and Samsung.

The company announced that it will  suspend developing new smartphones for the business-to-consumer market in Japan, and instead will pour our business resources into smartphones for the business-to-business market that is expected to grow.

Infact there are other brands who are finding it difficult to survive in the market. The names include Sharp, NEC and even Sony to an extent.

 

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