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LG Shutting Down Smartphone Industry After Years Of Losses

LG Shutting Down Smartphone Industry After Years Of Losses

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Topline South Korean electronics huge LG is exiting the smartphone change after years of losses to offer attention to other rising companies the firm launched on Monday, a option that can leave a sizeable hole within the American smartphone market the put LG is the third best designate after Apple and Samsung. A man walks past the logo of South Korea's LG Electronics in entrance of the firm's headquarters in ... [+] Seoul. AFP by ability of Getty Photos Key Info In a press statement, the firm stated the option has been authorised by its board and the firm expects to fully exit the mobile phone change by the finish of July. LG is the third best smartphone designate within the U.S., making up about 11% of all smartphone sales within the country closing one year, consis...