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Samsung to score as LG officially quits the smartphone business LG Electronics’ Wing smartphone. Kim Hong-Ji/Reuters LG Electronics will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America, where it is the third biggest brand, to be gobbled up by Samsung Electronics and Apple with its domestic rival expected to have the edge. “In the US, LG has targeted mid-priced — if not ultra-low — models and t...

Posted : 2021-01-23 10:37 Updated : 2021-01-23 20:20 A man talking on his phone walks past the logo of LG Electronics during Korea Electronics Show 2016 in Seoul, Oct. 27, 2016. Reuters LG Electronics can improve its corporate value by restructuring its money-losing mobile business and focusing on future growth engines for a post-pandemic world, analysts here said Saturday. The company announced Wednesday that the future of its mobile communications unit was open to "every possibility" amid rumors that the company could sell the struggling mobile business. "We think LG's announcement means...

South Korea's LG considering all options for loss-making mobiles LG said it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones Reuters January 21, 2021 A man walks past an LG logo at the Mobile World Congress in Barcelona, Spain, February 27, 2018. PHOTO: REUTERS SEOUL: South Korea’s LG Electronics said on Wednesday it was considering all options for its loss-making mobile division, which analysts said could include shutting its smartphone business or selling off parts of the unit. Shares in LG closed up 12.8%, against a rise of 0.7% in the...

By Heekyong Yang and Joyce Lee SEOUL (Reuters) - South Korea's LG Electronics said on Wednesday it was considering all options for its loss-making mob...

South Korea's LG Electronics said on Wednesday it was considering all options for its loss-making mobile division, which analysts said could include shutting its smartphone business or selling off parts of the unit.