LG Shutting Down Smartphone Business After Years Of Losses

, 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.

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research is important

Bite my shiny metal ass LG

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LewLater

They have amazing phones, but they don't advertise them

Oh; I should be buying businesses like this..Improving them and make my money. LG it self should have every other thing I need on ground. 😒. Lord I need Money !!

LG best smartphone in the world

Shame, I have an LG phone and it has performed great!

So Bad news ! I loved some LG !

Should have done so a long time ago

Really one of the ventures, LG made a mistake embarking on. What happens to the peoples phones who are still under warrantee as they are shutting down their smartphone business sector?.

That's sad. LG has been making high quality phones and now there are even fewer choices. The V series is amazing, and one of few best media phones.I love the built in DAC,and on past models the ability to easily repair your phone. Maybe I'll look at Sony or Moto

LG has finally stopped chasing waterfalls.They are now sticking to the rivers they are used to.

Rethink and relaunch 🚀

Por que Now what am I to do

🤔🤷🏾‍♂️

Thank god finally some sensible call and move focus on your core products home appliances

.

What!!!!

RIP Goldstar

Smart move

95% only bad news(

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