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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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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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.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

LG Shutting Down Smartphone Business After Years Of LossesSouth Korean electronics giant LG is exiting the smartphone market after years of losses to focus on other growing businesses the company announced
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

LG is officially shutting down its smartphone businessLG is getting out of the 'incredibly competitive' business of making smartphones. I love my LG washer, dryer, and TVs. I was just researching their phones, so good to know. LG is somehow to blame, they never got aggressive in this competitive market. they used to make smart phones?
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »

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. PM me if you’re interested in earning $105 by online trading daily, PM me if you have a phone or PC let’s go ✅ Still remember my first smart cell phone is LG. ogwang256 Told you this a few
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

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 🤷‍♂️👌👍
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »