Another veteran company has left the smartphone market.

The company has been making phones since 1989.

Another veteran mobile phone maker has announced its exit from the market. The Japanese company Kyocera Mobile has officially announced that it will exit the consumer mobile phone business, while continuing to provide services to corporate customers.

The financial report shows that Kyocera suffered a loss of about $17 million in February this year. As profitability declines, the company is trimming its consumer-grade product line.

Another veteran company has left the smartphone market.

Kyocera is an old brand in the mobile phone market that has been producing phones since 1989.

Recall that two years ago, LG left the phone market .