Top
image credit: LG / Flickr

Report: LG to exit mobile business after all

April 1, 2021

Category:

When your business has been operating at a net loss for the past six years, there are few ways you can go about staying afloat. In the case of LG Mobile, shutting down all further efforts now seems like the most likely scenario. A new report from The Korea Times citing industry sources claims LG will confirm its exit from the smartphone market as early as next week.

The report specifies that an official announcement will be made next week, April 5 after the LG board meeting decides the fate of the mobile division for good.

Read More on GSMArena.com