Danish manufacturer Bang&Olufsen has stated that they are to cancel their mobile phone business and also several other departments including the DVD recorder department.

Bang&Olufsen are saying they are making these moves due to the worldwide spread of a financial slump.

Carolina Milanesi, analyst for Gartner telecoms says: “They’ve obviously realized that people are looking to spend less, not more, on phones.”

Not that it could be that their prices are so high people just can’t afford to purchase their products then? Still, whatever the reason I guess we’ll not be seen any more Bang&Olufsen mobile phones hitting the market

Source — GSMarena