LG to announce shutdown of Mobile division
LG confirms it’s getting out of the smartphone business
According to The Korea Times, LG has failed to make any profit through its mobile phone business over the past few years. In the past, LG has worked hard to rise in the competitive mobile phone market. But LG is reportedly preparing to announce the closure of its mobile phone business as it has not had any effective results.
According to The Korea Times, LG will announce its withdrawal from the mobile phone market on April 5 as it has failed to make any profit through the mobile phone business over the past few years. According to The Korea Times, they have left the mobile phone business and are in the process of redirecting their employees to other parts of the business.
In January, an LG spokesperson said that they would not be closing their mobile phone business and were working on a number of new devices this year. A few months ago, some information was reported about their rollable smartphone. If they shut down the mobile phone business in this way, all the new devices they were hoping to introduce will be canceled.
However, if LG shuts down its mobile phone business, it will be a huge loss to the Android smartphone market. Because they have introduced so much to this industry. LG has also contributed to the Nexus 5 and Pixel 2 XL, two smartphone giants.
LG has not yet officially announced its plans for the mobile phone business, but will officially announce its decision on April 5.