LG to quit mobile phone business for good

Written by Petteri Pyyny @ 01 Apr 2021 9:11

Korean tech giant LG is reported to end its mobile phone business line completely.

Company's phone business has been a loss-maker for more than 6 years now and company has previously announced that it is seeking for "various options" for its mobile phone business. Now, according to Korean sources it seems that company has made a decision to quit the mobile phone business completely.

According to the reports by The Korean Times, LG will shift its current mobile phone workforce to company's other business segments and to cease the mobile phone business for good.

Meanwhile, LG's shares have soared in Korean stock market, boosted by strong demand for its flat-screen TVs and home appliances. It has also grown to be one of the biggest component providers for electronic vehicles, boosted by its strong presence in battery manufacturing business.

Company hasn't officially confirmed the rumors about its mobile phone business yet, but according to The Korean Times, such announcement is expected on early next week.

Tags: mobile phones LG

<Review: OnePlus 9 Pro - Finally a worthy contender >Long-lost Soviet Lord of the Rings movie was found and is now at YouTube

Comments have been disabled for this article.

	YouTube Premium starts showing ads to subscribers (13 Nov 2024 3:09) For years, YouTube Premium has been marketed as a way to enjoy an ad-free YouTube experience. But apparently, that is no longer the case, as Premium subscribers are now starting to see ads on the platform. 1 user comment
	Android 16 will launch sooner than expected (01 Nov 2024 6:45) Google announced that upcoming Android 16 will break the traditional once-a-year cycle of major Android launches. Next Android is poised to launch in Q2 of 2025, so Android 16 should ship before end of June, 2025.
	Winamp ends its "open source" project that wasn't really open source (20 Oct 2024 11:12) Less than a month after the legendary MP3 player Winamp made its source code public, the company has made a sudden U-turn and removed its code from distribution. 2 user comments
	Winamp released its source code - but didn't go open source (25 Sep 2024 12:38) The source code of Winamp has now been officially released. However, it hasn't become a pure open-source project, as its licensing terms prohibit the creation of new, different versions.
	Does your phone rattle? Here's why it happens (25 Aug 2024 8:30) When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments

	What IP rating for dust and water resistance means An IP classification (such as IP68) is given to mobile phones, Bluetooth speakers, and other devices, but what do these classifications mean? 1 user comment
	Guide: Is Your Wi-Fi Sluggish or Slow? Here's How to Fix Do you have problems with you Wi-Fi? Slow connection or is it cutting off constantly? This guide aims to remedy these problems. 1 user comment
	GUIDE: Wi-Fi speeds are slow? Here are some tips Having problems with Wi-Fi speed and stability at home? Here are some tips to follow to alleviate the issues. 1 user comment
	What happens if you don't update Android? Sometimes it can be tempting to avoid updating to a new Android version. What happens if you decide to delay major updates to the OS?
	Does your phone rattle? Here's why it happens When you shake your phone and hear a light rattle, clatter, or jingle, it's likely not broken. The culprit is probably the optical image stabilization (OIS) system in your phone's camera, meaning everything is functioning as it should. 2 user comments

LG to quit mobile phone business for good

Latest news

Reviews

Guides

News archive

Subscribe

Sections:

Follow us:

	Roborock S8 MaxV Ultra review - obstacle avoidance doesn't work as it should, otherwise almost perfect robot vacuum We put the Roborock S8 MaxV Ultra through a very, very long review process. The $1800 mopping robot vacuum is almost perfect, but its obstacle avoidance was surprisingly bad, considering the price - and compared to its competitors.
	Sharge x OnePlus Pouch review: Beautiful power bank that supports SuperVOOC charging In our review, we take a look at Sharge's power bank that supports OnePlus SuperVOOC quick charging technology as well as standard USB PD charging. It has small design flaws, but despite those, the Pouch is very nice product. 1 user comment
	Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.