Back in 2005 we saw the company leaving the European market and forcefully returning after a break of six long years. In 2011 we noticed the Japanese multinational electronics corporation, Panasonic hitting back including the American markets too.
But even after their strong come back in the Stateside markets did not help the firm in their smartphone's business growth, which made them in plans to leave the floor back last year. And now we almost confirm the news from a source claiming that the Japanese are stopping it's development of smartphones for the major markets and plans to relocate it's resources.
It is also reported that, Panasonic will continue to manufacture it's feature-smartphones for non-consumer markets, which is reportedly the 'Toughbook' brands for military, police and utility workers to their smartphones variant. The Japanese company is reported to draw back from the smartphones business by the month of October.
Source: THE WALL STREET JOURNAL, Pocketnow
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