After years of attempts to return its fortunes, LG in Korea has said it will leave global mobile business.
Between the lines: The telephony activity is a difficult one for all players, except the older ones. LG was once one of them, but it hasn’t been for many years and it didn’t have a clear way to change that.
- “LG’s strategic decision to move out of the incredibly competitive mobile sector will allow the company to focus its resources on growing areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business solutions. to-business, as well as platforms and services, “the company said in a statement.
- LG said a few months ago that it is reviewing its options, including a possible exit from the business.
Of note: LG said it will take until July to complete its business and sell the current inventory.
- LG said it will continue to serve and insure phones for a period of time.