Fujitsu sells its mobile division

The smartphone market is highly saturated and the competition is brutal today. Therefore, there is no place for all brands. This causes the news that a brand leaves this market from time to time. This is what has happened now with Fujitsu, which announces the sale of its smartphone division.

Fujitsu sells its mobile division

The brand has sold its telephony division to an investment fund. Although the phones of the Japanese brand were not known worldwide, they had released several models in their native country. They hit the market under the name Fujitsu Arrows.

Fujitsu abandons the smartphone market

But the numbers did not match so the company has finally made this decision. Additionally, shareholders want to see benefits, something this division has failed to achieve. So finally the Japanese company makes the decision to sell the division to Polaris Capital Group. They will be in charge of this division.

The Japanese company itself values ​​this operation as something positive. Since in case they want to launch mobiles in the future they can do it under the same brand. So this possibility is still reserved. Although it does not seem likely that it will happen.

The sale will be formalized before the end of March. Although no details have been disclosed about it. For example, it is not known how much money Fujitsu will receive for this sale. Although this data will probably be known soon. There has also been no mention of what Polaris' plans are with this new division.

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