August 3, 2011 06:27 am EDT

Toshiba is dropping out of Fujitsu Toshiba phones while Hitachi considers exiting the TV biz

Fujitsu Toshiba Mobile Communications has only been in existence as Japan's number two mobile company (behind Sharp) for a short time, but it appears even a decent earnings report wasn't enough for Toshiba to stay in the business. While the joint venture prepares to release the au IS12T WP7 handset running Mango Fujitsu, Fujitsu is preparing to buy out Toshiba's 19.9 percent stake and take sole ownership in 2012. Toshiba may not be the only Japanese tech giant taking a step back, as Hitachi is considering following Pioneer and exiting the TV biz stage left. As price competition squeezes out all but the largest manufacturers and even Sony feels the pinch, Hitachi is considering outsourcing the brand to overseas manufacturers. Neither announcement should put brakes on hardware we've been anticipating, but that REGZA phone or Wooo television you just dropped a few yen on could become a vintage item very soon.

[Thanks, Colin]

Toshiba is dropping out of Fujitsu / Toshiba phones while Hitachi considers exiting the TV biz originally appeared on Engadget on Wed, 03 Aug 2011 02:27:00 EDT. Please see our terms for use of feeds.

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Original Link: http://www.engadget.com/2011/08/03/toshiba-is-dropping-out-of-fujitsu-toshiba-phones-while-hitach/

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