Wednesday, April 14, 2021  | 1 Ramadhan, 1442
Samaa TV
Facebook Twitter Youtube
HOME > Technology

LG quits the smartphone business

Existing phones to remain on sale

SAMAA | - Posted: Apr 8, 2021 | Last Updated: 7 days ago
Posted: Apr 8, 2021 | Last Updated: 7 days ago
LG quits the smartphone business

Photo: AFP

LG Electronics will no longer develop smartphones due to the competitive production market and lackluster financial situations, the company announced.

“LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, and artificial intelligence,” it mentioned in a statement.

LG phones accounting for just 7.4% of the company’s total revenue whereas its global mobile market share is approximately 2%.

In 2013, the company was the third-largest smartphone maker in different regions as the company was able to come up with some of the innovative features of the time like the ultra-wide angle.

But there were complaints of hardware and software issues in the LG phones.

FaceBook WhatsApp

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp

smartphones, LG smartphones, smartphone prices, LG smartphone costs, LG, South Korea, LG losses,

LG quits the smartphone business
Facebook oversight panel will now review takedown requests
The ulti-mutt pet? Chinese tech company develops robo dogs
HMD Global introduces six new Nokia phones
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp