Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks to cash in on the booming demand for mobility devices in the region.
Panasonic will expand its smartphone business to Bangladesh and Myanmar in the next 3-4 months as the Japanese electronics major looks to cash in on the booming demand for mobility devices in the region. The company, which gets about 80 per cent of its consumer smartphone revenues from India, also has operations in the Middle East and Africa besides Sri Lanka and Nepal.
“Panasonic had re-entered the consumer smartphone business some two-and-a-half years back. Since then, we have made steady progress and have seen tremendous growth,” Panasonic India Business Head (Mobility Division) Pankaj Rana told PTI. “In the next 3-4 months, the company will launch its products in Bangladesh and Myanmar,” he added.
Rana said while India accounts for 80 per cent of the smartphone business, the share will reduce to 60 per cent as other markets grow.
Apart from India, Saudi Arabia and the African region are “big markets” for Panasonic, he said.
Source: The Financial Express
