Disqus
It looks like Sanyo Electric Co. is wiping its hands clean of the mobile phone game. Sources “close to the matter” are saying that Sanyo is prepping Osaka-based Telecom Sanyo Co. for the auction block – with an expected sale amount in the billions of Yen, a healthy boost to the struggling company’s coffers. The handset manufacturing division will be offloaded as a subsidiary.
With 38.4 billion Yen in revenue last year, the handset manufacturing arm of Sanyo is no slouch. But, fierce competition and 3 years of net losses for Sanyo may have prompted them to get out of the industry. We’re sure someone will be jumping at the opportunity to get in on the mobile phone biz.
Sanyo Electric Co. pans to refocus it’s efforts in its core business of manufacturing rechargeable batteries and commercial-use equipment.
Saya nara, Sanyo, it was fun while it lasted.
[Via: Slashphone]
About The Author
Will Park
Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...
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robert
