Sadly enough, NEC's share price rose 2.6% on the news that it is going to shutter its mobile phone unit. It's a tragic epitaph for what was once a genuinely exciting brand. It's also a sad reminder of the profound failure of Japan's technology industry.
The global smartphone market is currently shaken by a cluster of vital, hungry challenger vendors of China and India, including Huawei, ZTE, Micromax, Karbonn and Spice. Japanese mobile phone powerhouses like Sharp, Toshiba, Matsushita and NEC have been left in the dust. Only Sony still soldiers on, grimly and joylessly.
In the end, NEC fizzled out as a global phone brand despite having pioneered key technologies like color displays, 3G support, dual screens and camera modules. Just like its Japanese peers, NEC was too focused on Japan's domestic market and its idiosyncratic nature to ever really anticipate global trends accurately.
NEC's miniature models had lousy battery performance and Nokia's larger, heavier models triumphed among consumers who appreciated five days of stand-by time over a slim chassis. Motorola's dazzling RAZR designs trumped NEC's boring Japanese ovoids among consumers who valued slimness. NEC's 3G phones were the first in the world, but they suffered from serious quality issues and were buried by models that arrived nine months later, offering more finesse. The Japanese disease of valuing early introduction of technological advances over usability blighted NEC permanently. The damage as particularly obvious in the early camera phone race, where NEC missed the huge mass market for cheap models by focusing on the expensive, exclusive dual-screen niche.
Tokyo labor regulators sent their investigation papers on footwear retailer ABC-Mart Inc. <2670> to prosecutors on Thursday, accusing the company of having forced employees to work illegally long overtime hours. (Jiji Press)
Reigning champions Japan will meet the United States in the Women's World Cup final for the second tournament in a row after a 2-1 defeat of England on Wednesday, victory coming after a cruel and unlucky injury-time own goal from Laura Bassett. (Kyodo)
The nation's population stood at 126,163,576 as of Jan. 1 this year, down 271,058, or 0.21 percent, from a year before, marking the steepest fall ever, a government survey said Wednesday. (The Japan News)
The 71-year-old man who set himself on fire on a Tokaido Shinkansen train on Tuesday told his sister he might kill himself during a phone conversation about 10 days before the incident, The Yomiuri Shimbun was told by the sister. (The Japan News)
Police in Kanagawa Prefecture have arrested a 23-year-old man on suspicion of stealing a bag belonging to the director-general of the Civil Aviation Bureau, while he was on a train last month. The bag contained a tablet computer which contained confidential information as well as a contact list for emergencies. (Japan Today)
A 71-year-old man who set himself on fire on a shinkansen bullet train Tuesday had repeatedly complained that the pension he received was not enough to live on, one of his neighbors said Wednesday. (Kyodo)