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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Edison Investment Research

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Vtion Wireless Technology AG Exits Consumer Tablet PC Business

Friday, 14 Dec 2012 01:57am EST 

Vtion Wireless Technology AG announced the discontinuation of its consumer-oriented tablet PC business. This business accounted for approximately 15% of the Company's revenues for the first nine months of fiscal year 2012. The reason for the decision was the increasing pricing competition in the consumer tablet PC market, resulting in margin pressure negatively affecting the Company's overall profitability. Thus, while continuing to supply tablet PCs as part of the industry-specific computing solutions business segment, the Company will exit the consumer space beginning January 2013. Consumer tablet sales thereafter will be aimed at selling off inventory. 

Company Quote

-0.1 -3.12%
11:36am EDT