LG might finally be giving up on its smartphone business.
We’ve first heard the rumor back in January, when it was said that the company is looking into either selling, downsizing, or shuttering its money-losing mobile division.
Now, according to The Korea Times, the decision has been made: LG is pulling out of the smartphone business.
The outlet’s sources say that LG has tried to sell its mobile division to several interested parties, but failed to reach an agreement with any of them. The company is expected to make an official announcement about shutting down its mobile division at its board meeting on Monday, April 5. Read more…
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