Disqus
Burning money can be fun. If anything it shows people how wealthy you are. Keeping a company alive that hasn’t made any cash in 3 years however is down right foolish. Sanyo’s mobile phones division is struggling to stay afloat and with estimates to sell 11 million phones in the current fiscal year, down from initial expectations of 12.6 million, you have to wonder why even bother? No comments have been made, but speculation has risen that the the bleeding limb might be purchased by another Japanese vendor. Shares of Sanyo are down nearly 4 points from the bad news.
[Via: Reuters]
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
