LG company has finally decided to make their exit from the smartphones market. The board of directors of LG company approved the decision to shut down the mobiles division worldwide. Now LG has stopped making Mobile Phones. LG has said that this decision will allow the company to focus in growth areas such as electric vehicle components, connected devices, robotics, artificial intelligence and others.
According to the news resources, the current smartphones of LG in the market will stay up for sale. LG has said that they will also continue to provide software updates for these phones for a period of time. The smartphone business of LG has suffered from losses for more then six years. They only shipped 23 million smartphones in 2020.
The LG company also tried to sell their smartphones to Vietnam and Germany companies but the talks were never successful. Now LG has stopped making Mobile Phones. For more latest news updates keep visiting our website. You can also find latest mobile price in Pakistan. We will provide you complete details about latest and upcoming smartphones in Pakistan.