Is LG panning an exit from the smartphone market? | Editorji
  1. home
  2. > tech
  3. > Is LG panning an exit from the smartphone market?
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Is LG panning an exit from the smartphone market?

Jan 20, 2021 19:48 IST

According to a report published by the Korea Herald, LG could be planning an exit from the competitive smartphone market. While no timeframe for the so called exit has been mentioned, LG may also reportedly rejig 60 percent of its staff by placing them in other business verticals within the company. The South Korean tech company has launched several handsets over the years but faces intense competition from home rival Samsung, along with several other Chinese budget smartphone makers including Oppo, Vivo, and Xiaomi.

Tech