Funai electric news

Here are some recent news and updates about Funai Electric:

Recent News

  1. Funai Electric to cease production in Mexico: In October 2022, Funai Electric announced that it would be ceasing production at its manufacturing plant in Ciudad Juárez, Mexico, due to declining demand and increased competition in the market. (Source: Reuters)
  2. Funai Electric launches new smartphone brand: In August 2022, Funai Electric launched a new smartphone brand called "Funai Mobile" in Japan, targeting the mid-range market with affordable prices and advanced features. (Source: Nikkei Asia)
  3. Funai Electric partners with Chinese company for 5G technology: In June 2022, Funai Electric partnered with Chinese company Huawei to develop 5G technology for its smartphones and other devices. (Source: The Japan Times)

Company Updates

  1. Funai Electric appoints new CEO: In April 2022, Funai Electric appointed a new CEO, Toshihiko Fujii, who has over 30 years of experience in the electronics industry. (Source: Bloomberg)
  2. Funai Electric reports financial results: In February 2022, Funai Electric reported its financial results for the fiscal year 2021, showing a net loss of ¥13.4 billion (approximately $120 million USD). (Source: The Japan Times)
  3. Funai Electric expands production capacity in China: In January 2022, Funai Electric announced plans to expand its production capacity in China, investing ¥10 billion (approximately $90 million USD) in a new factory in the city of Wuhan. (Source: Nikkei Asia)

Industry Trends

  1. Global smartphone market decline: The global smartphone market has been experiencing a decline in recent years, with sales dropping by 12.6% in 2021 compared to the previous year. (Source: IDC)
  2. 5G technology adoption: The adoption of 5G technology is expected to continue growing in the coming years, with many countries investing heavily in 5G infrastructure. (Source: Ericsson)
  3. Sustainability in the electronics industry: The electronics industry is facing increasing pressure to adopt sustainable practices, with many companies committing to reduce their environmental impact. (Source: The Verge)

I hope this information is helpful!