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NEC to Bag Its Smartphone Business

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Jul 16, 2013, 1:58 PM   by Eric M. Zeman

NEC plans to exit the smartphone market, according to Japanese publication Nikkei. NEC's decision comes ater the company failed to forge a smartphone partnership with Lenovo. It tried to sell NEC Casio Mobile Communications to Lenovo, but the deal fell through. The two firms had been speaking since late last year. NEC indicated earlier this year that it might exit the cellphone market altogether, and the Nikkei now reports that NEC may sell some of its cellphone patents. The most recent NEC device to reach the U.S was the Terrain, announced by AT&T just last month.

Reuters / Nikkei »

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