Kyocera decided to leave the consumer smartphone market.
What is known
Kyocera has already officially announced that it is leavingconsumer phone market. The decision comes amid a difficult period that ended in a multi-million dollar loss of $16.6 million in February 2023.
Kyocera President Hideo Tanimotostated that the manufacturer from the Land of the Rising Sun is no longer able to find a product that will interest a wide market. In this regard, the company will focus on servicing corporate clients.
In recent years, Kyocera has experienced problemsonly on the world stage, but also at home. The company began to lose competition in Japan to Chinese manufacturers Xiaomi and OPPO, as well as local brands Sony and Sharp.