LG announces they are shutting down their mobile phone business – EFTM

A big move in mobile today, with LG announcing that they will be exiting the mobile business, confirming long standing rumours on the future of LG in mobile.
LG has struggled to record a profit from their mobile business for several years, and in a statement today, LG said that they are closing their mobile business worldwide in order to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business…

Click here to view the original article.