Lg Looking To Shut Down Its Smartphone Business In 2021
This is not surprising as we saw a report back in January that stated the same. As per the previous report, the CEO of the company sent out an internal memo to employees. In the memo, the CEO stated that, due to fierce competition in the smartphone business, they “need to make the best decision about [its] mobile phone business”. “Even considering the Korean and North American markets, where the LG Electronics smartphone business remains, the global market share is around 1%, so it is difficult to find a buyer to buy at a high price,” an industry official told Donga Ilbo....