The South Korean producer LG, which as soon as did very nicely in the smartphone market, later couldn’t deal with its Chinese language opponents and misplaced its recognition day-to-day.
The corporate, which now focuses on the center phase as an alternative of the flagship fashions and needs to compete right here, apparently nonetheless has not achieved what it desires.
LG MAY TURN OFF THE SMARTPHONE SECTION
LG CEO Kwon Bong-seok He had made it clear earlier this 12 months that he would possibly withdraw from the smartphone market. The CEO additionally said that their precedence is to promote or shrink.
LG throughout this time German automotive large for the sale of its smartphone division Volkswagen and held talks with a Vietnamese firm, Vingroup JSC. Nonetheless, no settlement has been reached thus far.
MAY BE CLOSED IN APRIL
The closure of the smartphone division has now change into a high precedence as LG has been unable to succeed in any settlement for the sale. Sources near the firm say that the information of the closure could also be introduced in April.
Since the second quarter of 2015 23 consecutive quarters loss LG’s smartphone unit had misplaced a complete of $4.43 billion since then.
#shutting #smartphone #division
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https://m.ensonhaber.com/teknoloji/lg-akilli-telefon-bolumunu-tamamen-kapatmayi-dusunuyor
