NEC to shut down struggling smartphone business

NEC is finally pulling the plug on its smartphones.

The company announced Wednesday that it will end the development, manufacturing, and sale of smartphones. NEC will continue to provide support for its existing smartphones and will keep making conventional mobile phones. Its tablet business will also stay alive.

NEC’s decision was based on its dour forecast. Its mobile phone shipments have continued to drop, and the company said it saw no improvement for the future. NEC’s mobile phone business suffered an operating loss of 9 billion yen ($92 million) last quarter, according to Reuters.

NEC had reportedly been trying to interest Lenovo and other companies in buying its mobile phone business. But the talks with Lenovo allegedly broke down over issues of majority ownership and patents.

Check Also

8 New Google Products We Expect to See This Year

Google’s device line could end up having a particularly important moment in 2023. The company usually announces new Pixel products throughout the year. Google is expected to release its first foldable phone this year, however, which would directly compete with Samsung’s proven line of Galaxy Z Fold devices. Google also introduced its own ChatGPT rival, …

Leave a Reply

© 2024 News Today
External links are provided for reference purposes. News Today is not responsible for the content of external Internet sites.