What you need to know LG has apparently decided to quit the smartphone market. An official announcement regarding the decision could be made as soon as next week. LG will be relocating its mobile communications employees to other divisions. LG has apparently decided to wind its mobile communications division and relocate its employees to other business units, according to a new report from LG has considered various options such as a sale, split sales or pulling out of the smartphone business, but decided recently to pull out of the business. The industry sources added that LG will make an official announcement about the decision at its upcoming board meeting on April 5.