, the company said the decision has been approved by its board and the company expects to fully exit the mobile phone business by the end of July.
LG is the third biggest smartphone brand in the U.S., making up about 11% of all smartphone sales in the country last year,LG said exiting the smartphone business will allow it to focus on growth areas such as electric vehicle components, connected devices, smart homes and artificial intelligence. All three major wireless networks in the U.S.—AT&T, Verizon and T-Mobile—presently offer LG smartphones as part of their cellular plans, most of which are cheaper than Samsung and Apple’s more premium devices.LG’s decision to pull the plug on its smartphone business comes after the division reported nearly six consecutive years of losses totaling around $4.5 billion,Reuters.
Twin towers?
Gonna miss LG phones. They had some pretty good phones. Sad.
pain
It seems like all 'smartphones' businesses are all about government hoopla poopklah government connected stuff.
aaron_wekhola Pity
There will be no more LG ?
Man I like LG smartphones. No matter how many times i dropped them or got them wet they would still work. It was always my go to phone.
I had 2 LG phones and both only lasted about 6 to 7 months ... they where trash glad they are going out of business the phones where the LG v20 and v40 both fried while I was charging them
About time.
Let Go!
This is quite sad to hear but I’m excited to see what they offer regarding their innovations in the areas of electric vehicles and artificial intelligence.
LG has always been the off-brand half-ass company. I remember when they made the shitty version of Sony products back when LG was called Goldstar.
It's sad for me. I have had lg phones since 7 years ago cause they have last me a good time.
Surprised they hung around for this long.
What.
What's wild is the guy at Verizon was showing me how innovative their phones are the way the flip and stuff I guess the inside didn't compete with SamsungMobileUS or Apple
China taking over offcourse,best price and quality wins
End of the road for LG phones|Catch up series on the history of LG phones
After 3 scams! I got my blank ATM card from Adriano to withdrew up to $5,000 daily for 3 month.I am so happy about this because I got mine last week and I have used it to get $20,000. Mr.Adriano is giving the card to help life's.Make your order now:adrianohackers01gmail.com
Wow this is huge. Their phones are quite promising though...they should be targeting emerging markets like China is doing now..
A very sad news! 😢
I had two LG's before, no problems.
It's been riddled with years with bug versions and updates inconsistency. It had a good run. The market monopoly is becoming smaller with fewer competitors due to the the six corporations controlling the world.
I never knew LG had a smartphone line.
IvanAgaba14 Follow me and Retweet for quick follow back! If i don't follow you immediately may be I'm not online but once I come online I won't hesitate to follow you🙏🏻 don't forget to Retweet!!
ChristDeKing Life used to be good
It's what i have :(
lol I don't know i should be happy or sad
A very reasonable and balanced decision. Market shows the general decline in demand. It's good time to say Goodbuy and make a focus on another projects.
I still have my LG flip cp that I bought a decade ago, kept inside its box. Probably not working anymore. Keeping it as a souvenir.
Noooooooooooooo
Oh no. Their phones are solid
Time for Nokia?
They must stick to producing Smart TVs and electronic gadgets for Homes etc.
Ipapo vagona
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Forbes - 🏆 394. / 53 Lire la suite »
La source: Forbes - 🏆 394. / 53 Lire la suite »