Mitsubishi is to close its loss making mobile handset business with employees being reassigned to other areas of the company. Mistubishi currently makes phones for Japan's NTT DoCoMo FOMA network; the handsets use the MOAP-S (MOAP on Symbian) software platform. Handset shipments to NTT DoCoMo will halt by September. And so we bid goodbye to another Symbian licensee. Read on for more details.
Read on in the full article.
Siemens, Lenovo and now Mitsubishi... and Motorola is getting a bit jittery as well.
How is it possible for so many companies to be doing so badly in an industry that's growing so quickly? Are the profit margins getting too small?
Bad Leadership I guess...
Except for motorola, none of these companies have a strong presence in Economies that are growing. eg India
More importantly Panasonic who are owned by Matsushita have a 10.5% stake in Symbian. Siemens still have an 8.4% share. This means 18.9% of Symbian is owned by companies that no longer produce mobile phones let alone use the OS!
Symbian ownership page here.