Why is LG shutting down its mobile phone business worldwide?
LG a South Korean multinational electronics company , on Monday, called the mobile phone sector "incredibly competitive" and said it would wind down its mobile phone business by July 31 . The decision came after LG's mobile phone division's six years of losses totalled around $4.5 billion. LG will now focus on electric vehicle components, smart home devices, robotics, artificial intelligence, B2B solutions, and 6G. Why people don't prefer LG phones? Why is LG shutting down its mobile phone business worldwide? LG smartphones are not very popular around the market. Considering their design, OS, features, etc. LG feels like a random choice. If you take Samsung or Apple for comparison you get more features, better display, better connectivity and you'll have a feeling of holding a quality phone. Yes, LG also provides more features, they launch a phone with a great feature but they do not show that particular feature in their ...