Stay updated with breaking news from Explorer project. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 flagship G series, and moving in a different direction. While the company pushed forward with its Explorer Project - which was designed to bring out new forms of smartphone - the mass sellers seemed to be struggling. ....
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 communications (MC) division has been in the red since the second quarter of 2015, and its accumulated operating losses reached 5 trillion won ($4.4 billion) last year. ....
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” according to The Verge. “[The] strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, the company said. ....
LG now sets sights on vehicle parts, AI prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.