Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Toshiba to Stop Making Mobile Phones in Japan
May 21, 2009
 Printable format
 Email this Article
 Search

Toshiba Corp. it will end production of mobile phones in Japan due, said a Reuters report.

The company said its only domestic plant for mobile phones will stop operations in October.

Toshiba's global shipments of mobile phones fell to 3 million units in the last fiscal year from 6 million units the previous year, the report said. Toshiba said most of its cell phones were sold in Japan.

The company said it will continue to make cell phones at its plant in the eastern Chinese city of Hangzhou, the report said. It will also outsource its mobile phone production.

Toshiba said the move to end Japanese mobile phone production will not result in job losses as workers will be assigned to different jobs.
Reuters

It was Toshiba's biggest loss ever and its first annual net loss in seven years.

Toshiba's annual sales dropped 13 percent to 6.65 trillion yen due to faltering business in semiconductors as well as digital equipment and home electronics.

Toshiba said its mobile phone business only accounts for 3 percent of its total operations.

Shares of Toshiba fell 1.9 percent Wednesday to close at 355 yen.

Back to Daily News

 

Daily News

...........................................................

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

Apr 17, 2014: Briggs & Stratton Automatic Choking Technology Moves to Riding Mowers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows