LG shutters mobile phone business
LG has confirmed the closure of its mobile phone business as it fails to compete with the likes of Apple, Samsung, Google, and Huawei.
The South Korean tech giant said the closure of its smartphone unit would be finished by July 31st and that its board of directors had approved the move on Monday.
Once upon a time, LG was among the top five smartphone makers. But over the last six years, the firm has been hit by $4.5 billion of losses.