Casio Computer plans to launch wideband code division multiple access cell phones in Japan during the fiscal year 2008-2009.
At present, Casio manufactures and supplies CDMA-based phones to Japan’s KDDI Corp, Verizon Wireless in the US and South Korea’s LG Telecom. Its rivals Sharp and Panasonic maker Matsushita Electric have been offering CDMA handsets to KDDI since 2006. Casio is now planning to launch wideband code division multiple access (W-CDMA) phones between October 2008 and March 2009, in an effort to increase its potential customer base. It also plans to collaborate with NTT DoCoMo and Softbank Mobile, who currently deploy this technology.
Casio reported its financial results for the period April-September 2007 in which it has reported an operating profit of $119.6 million, a decline of 40.8% compared to the previous year. The company attributed this decline to the sluggish cell phone sales. Casio’s managing director Akinori Takagi said that the cell phone business is expected to return to profitability between October 2007 and March 2008 driven by new handset launches and cost reduction.
Source: ComputerWire daily updates