LG smartphones are no more as electronics giant quits mobile industry

  • 📰 trtworld
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

LG Electronics to shut down its mobile phone business after the division lost billions in recent years

Mock old version LG Electronics' smartphones are displayed at a store in Seoul, South Korea, April 5, 2021.

LG's board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it said in a statement on Monday. It was still No. 3 in North America, with a 13% market share behind Apple's 39% and Samsung's 30% as of the third-quarter of 2020, according to Counterpoint Technology Market Research.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LG phones , they still exist ?

This was very predictable....

Padahal kualitas LG lebih bagus daripada Samsung

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

After Years Of Losses, LG Is Shutting Down Its Smartphone BusinessLG was the third biggest smartphone brand in the U.S. with a 11% share of the market. Ipapo vagona They must stick to producing Smart TVs and electronic gadgets for Homes etc.
Source: Forbes - 🏆 394. / 53 Read more »

South Korea's LG becomes first major smartphone brand to withdraw from marketSouth Korea's LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Check this documentary on what happened to LG 👇 End of the road for LG phones|Catch up series on the history of LG phones That's too bad! Their phones were dope! thanks for the LG G4 defo the phone of its time the spec, quality & unique design was 4g compatible, leather back & made even the hard core Samsung & iPhone users look over twice, yep why? even Samsung users did not at the time have Android’s new OS courtesy of Google 🤷‍♂️👌👍
Source: Reuters - 🏆 2. / 97 Read more »

SKorea's LG to exit loss-making mobile phone businessSouth Korean electronics maker LG says it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services good luck The issues that some of their phones had after 3+ months of use was hard to overlook, but I'll always appreciate them for daring to be different.
Source: ABC - 🏆 471. / 51 Read more »

LG Shutting Down Smartphone Business After Years Of LossesLG was the third biggest smartphone brand in the U.S. with a 11% share of the market. 95% only bad news( RIP Goldstar
Source: Forbes - 🏆 394. / 53 Read more »