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LG had few smartphone hits, but it’ll still be missed The US smartphone market just got more boring Share this story If you’re reading this on a phone, chances are, LG didn’t make it. The Korean tech giant has been losing money and market share with its smartphone division for years, so it wasn’t a surprise when it finally announced plans to pull the plug today. You could be forgiven for shrugging. But LG deserves to be remembered as more than just an also-ran. Its phones were rarely big hits, much less often the kind of polished product we’d ever recommend to most over its competit...

SHARE LG Electronics will shut down its loss-making mobile phone business to focus on other business lines, the South Korean company said on Monday. Moving away from phone manufacturing will allow the firm concentrate on other business areas including electric vehicles, connected and smart home devices, robotics, artificial intelligence and business-to-business equipment, it added. “LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas,” the company said on Monday. Its mobile business has been lossmaking...

LG is closing its smartphone business 5 April 2021 · News Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Pocket-lint (Pocket-lint) - LG has called time on its struggling smartphone business, with the company confirming that it will continue to sell off remaining stock, but it expects the wind-down to be completed by July 2021.  Rumours of LG's departure from smartphones have been frequent and repeated. From a regular launch schedule, LG drifted off that pattern in 2020, dropping the expected updates for the fl...

LG now sets sights on vehicle parts, AI LG decided to pull out from the mobile phone business after years of dismal performance. By Mansoor|   Published: 5th April 2021 9:36 pm IST Seoul: Leaving its ill-fated mobile business behind, LG Electronics will zero in on bolstering promising sectors, like vehicle components, connected devices and artificial intelligence (AI), industry observers said on Monday, hoping that the segments will fill the hole left by its money-losing unit. LG decided to pull out from the mobile phone business after years of dismal performance.  The company’s mobile ...

LG Throws In The Towel On Smartphones After Losing Billions 04/05/21 AT 12:39 PM LG has announced it’s shuttering its smartphone department, pulling out of the market after years of losses and declining market share. Many in the tech industry publicly mourned the loss, remembering how LG pushed the market to innovate. The company announced the move Monday. It plans to wrap up closure by the end of July, although some of its already existing smartphone models could continue availability, CNN reports.  That availability, and the fate of the company’s employees, will “vary by region” a...