Back in February Nokia and Sanyo announced a joint venture where together the two companies would be developing and producing CDMA devices. Well, the unfortunate news is that this venture is now dead in the water before it even took off. Nokia will be pulling out of the CDMA phone manufacturing market because lack of interest and declining demand.
America is one of the lone places that the CDMA standard is still popular and used. Nokia will continue to sell its current CDMA handsets but will be reducing its own research and development of new CDMA devices. Nokia and Sanyo just need to hug it out. Hugging it out solves everything.
Nokia Drops CDMA Join Venture with Sanyo [Mobiledia]