In Japan, luxury toaster maker’s ill-fated smartphone foray craters stock price as it halts handset sales

A foray into smartphones by Japan’s Balmuda Inc, best known for its high-end toasters, has cratered its stock price with the firm announcing this week it has halted sales of its poorly received handset.Shares in Balmuda, which listed on Tokyo’s start-up index in December 2020, fell as much as 10 per cent in Tuesday trading, a day after the firm said it has paused sales because of an unidentified issue regarding compliance with Japan’s technical standards.Balmuda’s founder and CEO Gen Terao…


See also  At least 18 people killed in roof collapse during funeral near New Delhi

Leave a Reply