“The smartphone industry keeps claiming more victims,” Daisuke Wakabayashi reports for The Wall Street Journal. “The latest is Japanese electronics giant, Panasonic Corp., confirming that it plans to stop development of smartphones for the mass market in order to reallocate its resources elsewhere.”

“Panasonic said it plans to focus on manufacturing and selling feature phones – or the clamshell-type handsets that were a staple of the pre-iPhone era,” Wakabayashi reports. “Feature phones still maintain a loyal following in Japan, accounting for about 30% of all mobile phones sold. Needless to say, that figure is shrinking.”

“It will suspend development of smartphones for consumer markets from October,” Wakabayashi reports. “Panasonic’s exit comes two months after another domestic rival, NEC Corp., announced its own retreat from the smartphone market and amid a flurry of deals that signal how past mobile phone performance is no indication of future success in the smartphone age.”

Read more in the full article here.

MacDailyNews Take: iPhone, serial killer.

[Thanks to MacDailyNews Reader “Scott M.” for the heads up.]

Related articles:
More blood on Apple iPhone’s Multi-Touch screen: NEC says sayonara to smartphones – July 31, 2013
More blood on Apple iPhone’s and iPad’s touchscreens: HP discontinues webOS phones, tablets – August 18, 2011
More blood on Apple iPhone’s Multi-Touch™ screen: Garmin exits smartphone biz – October 27, 2010
More blood on Apple iPhone’s Multi-Touch™ screen: Microsoft Kin is dead – June 30, 2010
More blood on Apple iPhone’s Multi-Touch™ screen: Smartphone & Pocket PC mag becomes iPhone Life – August 26, 2008
Apple’s iPhone has blood on its multi-touch screen: Palm kills Foleo on eve of launch – September 04, 2007