LG Mobile will soon be a thing of the past, and the Korean electronics major is now realistically investing its employees in other units from the smartphone division. According to reports, LG was looking for interested parties to buy its mobile phone venture, which suffers losses after several years of staggering losses. LG mobiles will be remembered for the amazing innovations the company stubbornly took, but unfortunately, Chinese smartphones could not make them commercially successful in the face of the price war waged by OEMs.
A Bloomberg Report good Last month said that LG may soon shut down its mobile phone business Selling it instead. The company was reportedly in talks with Vingroup JSC of Vietnam and was leading German automotive giant Volkswagen AG to push sales of their mobile phone division, but apparently, the purchase of LG mobiles was an undisclosed issue. Did not happen due to Over the past few months, LG is believed to have stalled development of smartphones that were already planned, including a striking rollable smartphone that the company showcased at CES 2021 (and it Was also claimed to be ready for production).