. >>> fujitsu is looking to sell off its mobile phone business becoming the latest player to exit the field we're joined by makiko utsuda. good morning >> yes fujitsu used to be a major player in the mobile phone business, but it currently stands fifth in the japanese market, and it was finding it difficult to keep up with rivals in japan and overseas. fujitsu's mobile phone operations have drawn interests in several investment funds, as well as lenovo and foxconn first round bidding could start as soon as september the unit expected to fetch hundreds of millions of dollars. fujitsu spun off its mobile phone operations into a separate company in february of last year saying it would look for a partner for the non-core operations the smartphone sales in the year ending next march will clock in at 3.1 million units, less than half the peak of roughly 8 million units in fiscal 2011 if the deal goes through, f fujitsu would cease manufacturing mobile phones but keep the brand alive apple iphones have more than a 40% share of the market. if fujitsu leaves the market, only three japanesemak

negotiating toen acquire a business from fujitsu. they still need to complete that deal.ow much additional scale it is going to get them. they have had buyers over the years, they have been willing to make acquisitions to bring down their cost, the more competitive but both in the pc market, the smartphone market, the server market, you have competition across the board. you have other companies who have seen their model, seeing how it works and are following their lead in terms of that strategy. haidi: a few challenges therefore lenovo. we have seen their stock falling in the hong kong session. let's take a look at the markets trading across the region. a pretty unhappy sight. hong kong, downside of 1%. shanghai, trading seeing a downside of .25 percent. hour, willn the next be talking more about the alibaba earnings. this is bloomberg. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinit