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LG is shutting down its smartphone business

Apr 05, 2021 11:57 IST | By Editorji News Desk

In a statement, electronics company LG confirmed that they are closing their mobile business unit, and will no longer produce smartphones.

Existing LG phones will continue to be sold, and the company will continue to support its products with updates for an unspecified period of time, which will vary by region. The move has been rumoured for months, after the division faced mounting losses for the last five years.

LG’s high-end smartphones have struggled to compete with market leaders like Samsung, while its efforts on the lower end of the market have faced stiff competition from Chinese phone makers.

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