O2 Asia Pacific reportedly is planning to reduce its size or eventually withdraw from the Asia-Pacific market due to lower-than-expected sales, and the move could result in significant losses for Taiwan-based handset makers, according to a Chinese-language Commercial Times report.
The company has stopped taking delivery of handsets as well as suspend orders for new models, with ODM handset maker Quanta Computer likely to suffer a loss of NT$400-500 million (US$12.2-15.2 million), and Gigabyte Communications and Arima Communications to incur minor losses, from canceled orders, the paper indicated.
In response, O2 Asia Pacific said it is adjusting its product strategy for the second half of this year and that the company has no plans to withdraw from the Asia-Pacific market, the paper said, citing sources at the handset vendor.
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