The Danish manufacturer of all high-end tech stuff declared that they are canceling their cellphone business along with several other departments such as DVD recorders. The company is blaming its current mishaps on the world-wide spreading financial slump. They’ve obviously realized that “people are looking to spend less, not more, on phones” – as Gartner telecoms analyst Carolina Milanesi puts it.
Our guess however is that they could have made a good business even with their ridiculous price tags of 800 euro and more, but only if they concentrated on making better designs or using exclusive high-tech materials. Read more