LG Exiting Smartphone Business, Announcement Expected Soon

It’s unofficially official, LG is exiting the smartphone market. After attempts to sell the money losing mobile business to a few potential buyers were unsuccessful, a decision has reportedly been reached that LG Mobile will shut down. An announcement is expected to be made on April 5 to the company’s board. In the meantime, the process has begun of getting the mobile businesses’ workforce into different parts of LG.

Source: LG Exiting Smartphone Business, Announcement Expected Soon