With a combined share of over 20 percent of the Japanese handset market, a joint cellphone venture between NEC, Hitachi and Casio might be a wise move for the companies, which are struggling in an increasingly saturated domestic market. So reports that the three have decided to consolidate their mobile-phone operations aren’t wide of the mark at all.
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Like Godzilla’s occasional rampages through Tokyo, the econalypse’s effect on Japan’s consumer electronics industry has been almost casual in its devastation, with Sony, NEC and Hitachi all announcing massive job cuts in the past few months. Today, Panasonic joined them. Hard hit by the global recession, Japan’s biggest consumer electronics company this morning warned of a $4.2 billion annual loss and said it plans to sack about 15,000 workers.
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Better to be safe than sorry or, rather, better safe than Sony. That’s likely what Acer was thinking when it announced a recall of about 27,000 Sony-made lithium-ion batteries today.
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