Panasonic to retreat from consumer smartphones-president

TOKYO (Reuters) - Panasonic Corp will pull out of the smartphone market in Japan and pare its smartphone operations to outsourced production in emerging markets like India, the company's president said on Wednesday. The Japanese electronics company, which has suffered $15 billion in losses over its latest two financial years, is staking its turnaround on a transformation from a consumer gadget maker to a supplier for other businesses. ...

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