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LG considers exiting smartphones in 2021 – The Verge

LG is considering exiting the smartphone market in 2021. A new internal memo hints at the possibility, and it comes after LG has struggled to compete with Samsung,…

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LG has struggled to compete with Samsung, Huawei, and others
LGs Wing smartphone.
Photo by Chaim Gartenberg / The Verge
LG is considering exiting the smartphone market in 2021. After losing around $4.5 billion over the past five years, LGs smartphone business has been struggling to compete with rivals. Now LG CEO Kwon Bong-seok has notified employees that the company is considering making big changes to its smartphone business.
The Korea Herald reports that Kwon Bong-seok sent out an internal memo…

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