Sharp Gives Up On Consumer Appliance Market in Europe, Reports Indicate




/ 10 years ago

Japanese electronics manufacturer Sharp plans to license companies in Taiwan and Turkey to create home appliances for its customers in Europe, according to reports.

Sharp is speaking with Turkish company Vestel Elektronik Sanayi ve Ticaret AS about selling consumer goods, trying to stimulate sales.  Meanwhile, the company also is negotiating with TPV Technology in Taiwan to manufacture LCD TVs for European consumers, but it’s unknown when announcements will be made.

There have not been any official announcements just yet, as Sharp and its potential partners are in early stages to get a deal done.  Similar to other Japanese electronics companies, it has seen stocks drop and wants to shed unprofitable business sectors to counter this problem.

As Chinese and Korean electronics companies prosper, Japanese companies have struggled to keep up with rivals – Sony has had to shed unprofitable business while other Asian companies are going on buying sprees.

Thank you to Reuters for providing us with this information

Image courtesy of Sharp DK


Topics: , , ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features


Send this to a friend
})