Technology
LG confirms it’s shutting down its mobile business – Yahoo News Australia
LG is shutting down its struggling mobile business after failing to reverse years of losses.
The reports out of its native Korea were correct, LG is shutting down its mobile business. With losses continuing to mount, and billions of dollars seemingly squandered on quirky handsets, the electronics giant has officially thrown in the towel on its struggling phone division. In a statement, the company said “Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas.”
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