Panasonic Is Staying Away From Uber-Competitive U.S. Market

Panasonic dove in the smartphone business and is already preparing it's first Android-powered handset, the P-07C pictured above -- with Gingerbread, NFC and mobile TV and 4.3-inch screen -- which will be available on Japan's DoCoMo network soon.

Company President Fumio Ohtsubo said that the U.S. market is a tough one. "U.S. demand for smartphones is huge but the prices are cutthroat. I don’t think will come here", he said. The company had earlier plans of U.S. market presence starting 2012 but the recent confession from Panasonic president should set everyone off as we're not likely to see a Panasonic Android in the U.S. (natively) anytime soon.

Source: Forbes
Via: IntoMobile