- Kyocera has announced it will withdraw from the consumer smartphone market.
- Kyocera’s President says the withdrawal is due to the inability to make a profit in the current market.
- The company says it will instead focus solely on corporate phones.
Just as HTC announced the revival of its U series phones, another company says it will be bowing out of the consumer smartphone market. However, it won’t be giving up on making smartphones entirely.
In a report from the Japanese publication Nikkei, Kyocera announced it is waving the white flag on its consumer smartphone business. This announcement was made during a financial results briefing for the end of the fiscal year.