Technology
South Korea’s LG to exit mobile phones – 7NEWS.com.au
Electronics maker LG says it is getting out of its loss-making mobile phone business.
South Korean electronics maker LG says it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services.
LG’s board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it said in a statement on Monday.
LG was once the third-largest mobile phone maker but has lost market share to Chinese and other competitors.
It was still No. 3 in North…
-
Noosa News22 hours agoReubhan Ralph identified as man behind terrifying childcare centre incident in Peregian Springs on the Sunshine Coast
-
General20 hours agoPolice say new leads being pursued after baby’s body found in Alexander Heights stormwater drain
-
Noosa News23 hours agoSchoolgirls hit by fishtailing car in terrifying crash in Bellbird Park, Ipswich
-
General24 hours agoMan dies at shopping centre car park at Charlestown following reports of assault