LG To Leave Smartphone Business By Mid-2021

Pour one out for LG Mobile: the electronics company has announced it’s now calling time on its worldwide smartphone business.

In a statement released over the Easter break, LG confirmed plans to close its mobile unit, after the decision was approved by the company’s board of directors. LG’s mobile sector will ‘wind down’ over the next three months, with the closure expected to be complete by July 31, 2021.

Although the company has continued to produce well-received devices (alongside more ‘gimmicky’ models with modular features and rollable screens), the increasing competition in the smartphone space has made it hard for LG to stand out, particularly in the busy low to mid-tier price range….