NEC Officially Quits Smartphone Business
NEC today confirmed that it will exit the smartphone business. NEC had hoped to sell its smartphone business to Lenovo, but talks between the two companies broke down without a deal earlier this month. NEC said that it will cease the development, production, and sales of smartphones immediately, though it will continue to provide support for existing models. NEC will also continue to operate its cell phone business, which it runs with Casio and Hitachi. "We were late to enter the smartphone market, and we were unable to develop attractive products," said Chief Financial Officer Isamu Kawashima. "That's what it comes down to." NEC recently released the Terrain with AT&T in the U.S.
Sony Mobile CEO Says Company Committed to Smartphones
Hiroki Totoki, the President and CEO of Sony Mobile, said the company has no plans to exit the smartphone business. Totoki covered a wide range of topics during an interview with Arabian Business.
Lenovo Announces Layoffs, Remains 'Committed' to Motorola
Lenovo today announced a workforce reduction that will see close to 2% of the company's 55,000 employees losing their jobs. Most of the more-than-1,000 cuts impact Lenovo-owned Motorola.
Google to Buy HTC's Pixel Handset Team for $1.1 Billion
Google today said it has agreed to purchase HTC's Pixel smartphone business, as well as acquire some employees and license intellectual property, for $1.1 billion in cash. HTC's Pixel engineers will be added to Google's existing hardware organization, where they will continue to work on the Pixel smartphone line.
LG to Shuffle Mobile Execs, Verizon Intros G5 Bogo
LG plans to shake up the executive ranks within its mobile phone business. The move comes on the heels of LG's first quarter report, in which the company's mobile phone business recorded its third straight loss.