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LG Electronics quits making smartphones after years of losses

April 5, 2021
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LG Electronics Inc. said Monday that it’s exiting the smartphone business after years of operating at a loss. The decision comes after an announcement in January that LG was exploring all possible options for the flailing division, which is said to have accumulated losses of around $4.5 billion over the last six years. The move […]

The post LG Electronics quits making smartphones after years of losses appeared first on SiliconANGLE.

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Originally published at https://siliconangle.com/2021/04/05/lg-electronics-quits-making-smartphones-years-losses/ on April 5, 2021 10:59 pm.

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