U.S. News

NEC to Turnaround Mobile Phone Unit Next Year

By Reuters

Japanese electronics maker NEC said on Thursday it expects its mobile phone business to return to profit in the 2007/8 business year.

The company also aims to increase its share of the Japanese mobile phone handset market, NEC President Kaoru Yano said in an interview with Reuters. 

Yano also said he aims to expand annual sales of equipment used for next generation network (NGN) to 1 trillion yen ($8.60 billion) in three to four years. 

NEC is betting on NGN, a new business area, which would enable new IP-based services such as high-definition broadcasts, and video-on-demand.