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.
- Panasonic to abandon smartphones (bigpondnews.com)
- Panasonic to Exit Smartphone Business (phonescoop.com)
- Panasonic bows out of the smartphone industry (thedroidguy.com)