Panasonic Corp is finalizing plans to pull out of the consumer smartphone business in Japan and has approached potential buyers for its cellular base station business, the Nikkei reported.
It will end production at its only smartphone factory by March 2014, the daily said.
The company told NTT DoCoMo Inc that it would stop supplying new smartphone models from this winter, Reuters reported this month, citing the Kyodo news service.
Panasonic, however, will still provide specialized models for corporate users and outsourced models for foreign markets. Production and domestic sales of conventional cell phones will continue as well, the Nikkei reported.
As if accommodating Chinese visitors on their usual shopping sprees weren't enough, major Japanese retailers are now actively working to lure this demographic to their storefronts for the Lunar New Year. (Nikkei)
Sharp Corp. and Hon Hai Precison Industry Co. on Friday signed a contract granting the Taiwan electronics giant preferential rights to negotiate over a bailout plan for the struggling Japanese company. (the-japan-news.com)
Japan and Iran signed a bilateral investment pact Friday in a move aimed at helping Japanese firms do business in the resource-rich country amid intensifying foreign competition for its market access. (Kyodo)
Police referred a 16-year-old high school student to prosecutors on Friday on suspicion of using software on other people's computers to obtain the online account details of several hundred people, including records of their online shopping. (Japan Times)
Author Victor Hugo once said, "Virtue has a veil, vice a mask," but what if Japanese, contemporary, and fetish masks are your vice? You'll want to check out Tokyo Mask Festival Vol. 2! (rocketnews24.com)
Wakayama Prefectural Police have arrest of two members of the Takumi-gumi organized crime group for the robbery of a jewelry store in Wakayama City two years ago, reports Wakayama Broadcasting System (Feb. 4). (Tokyo Reporter)