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NEC, Hitachi & Casio mull mobile phone market merger

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NEC, Hitachi & Casio mull mobile phone market merger

NEC, Hitachi and Casio are mulling a joint mobile phone venture, it has emerged, in a bid to take on Western manufacturers and shore up its market share against local rivals.

According to a report from the Reuters news agency, which cites four unnamed sources, the three companies are in talks over a merger amid signs that the domestic mobile phone market is stagnating.

Should such a deal take place, it would result in the creation of Japan’s second largest mobile phone manufacturer behind market leader Sharp.

News of developments comes amid signs that Western mobile phone manufacturers may finally be breaking the stranglehold of local companies in the Japanese market.

This was born out earlier this week when it was announced that the 32GB version of the iPhone 3G S is currently the nation’s top-selling mobile phone.

Demand for the phone is believed to have been spurred by the faster processor and web browsing experience that the latest version of Apple’s handset offers compared with previous editions.

Category: News
Tagged: industry news

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