Nokia battery case to cost Matsushita up to $172 Million
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Matsushita Electric Industrial Co said on Friday that Nokia’s replacement of mobile phone batteries made by the Japanese electronics maker is likely to cost it 10-20 billion yen ($86-$172 million).
Most Japan-based analysts had expected replacement costs to total somewhere between 10 billion yen and 50 billion yen, but some have suggested they could reach as high as 138 billion yen, weighing on Matsushita shares.
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