Printed from http://www.electronista.com

Sanyo sells off cellphone division to Kyocera

updated 10:05 am EDT, Thu October 11, 2007

Sanyo Sells Off to Kyocera

Sanyo today revealed that it was transferring its cellphone business to Kyocera for an undetermined amount, according to a report by the Kyodo World Service. The Katana maker agreed to offload its handset manufacturing for a yet to be determined amount after suffering a $387 million loss in 2006 due in part to low phone sales. The focus will instead be on batteries and other areas where business is thriving, Sanyo said. No date was given for the deal, although both Kyocera and Sanyo hoped to finalize details by the end of 2007.

The deal will give Kyocera a much greater advantage in North America, where the company's cellphones are often relegated to budget models while Sanyo has enjoyed better success with its Katana models at Sprint. Sanyo's concession also represents the first major change in the Japanese cellphone industry and will give Kyocera a much stronger position against Panasonic, Sharp, and many other Japanese electronics firms that compete exclusively or primarily in Japan. Sanyo's phone business accounted for as much as 10 percent of its income and was worth a significant $2.4 billion as of March this year.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented