LG confirms its exit from the smartphone sector after its board of directors finally approved the decision.
Apr 05, 2021 @Abdo_Alwardi
On this day (April 5, 2021), LG Electronics announced that it will close its smartphone business unit after the decision is approved by its board of directors.
However, LG will work collaboratively with suppliers and business partners throughout the smartphone business shutdown, and will provide service support and software updates to customers of existing mobile device products for a period of time.
The company will also work to enhance competitiveness in other business areas and to retain the core technologies developed during the two decades of mobile phone business operations.