LG Throws In The Towel On Smartphones After Losing Billions
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...
Source: ibtimes.com