Home / News / Panasonic to withdraw from EU smart phone market
Leaves after less than a year in the market

Panasonic to withdraw from EU smart phone market

Panasonic is to pull out of the European smart phone market after less than a year of operations in the region.

According to Reuters, the vendor sells devices in Japan and the EU but has faced sluggish sales in Europe and is having problems in its domestic markets too after struggling to keep up with the release schedules of its rivals.

The restructuring has already begun, with the company closing down its manufacturing facilities in Japan and shifting production to Malaysia.

The effect of these measures will be made clear when the company releases its financial results on Wednesday.

Want to receive up-to-the-minute tech news straight to your inbox? Then click here to sign up for the completely free PCR Daily Digest and Newsflash email services. You can also follow PCR on Twitter and Facebook.

Check Also

Health tech Special: How to get involved in PCR’s November issue

The next issue of PCR, which hits desks at the beginning of November, will include …