LG TO
close mobile PHONE BUSINESS WORLDWIDE
"LG Electronics Inc. (LG) announced that it is closing its
mobile business unit. The decision was approved by its board of directors.
LG’s strategic decision to exit the incredibly competitive
mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.
Current LG phone inventory will continue to be available for sale. LG will provide service support and software updates for customers of existing
mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the
mobile phone business. Details related to employment will be determined at the local level.
"
https://www.lg.com/levant_en
Lg to close mobile