Chase to cut
- Why LG is closing its smartphone business? Because of lose
- Smartphone business will be closed by July 13.
LG today (5 April) confirmed that they are going to close the smartphone business. As they are facing losses in the business. But, the company will provide software updates to existing LG smartphone customers vary by region.
“Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.”LG Electronics
The company will shut the smartphone business completely by July 13, meanwhile some existing models will be Available for sale.