LG could stop making smartphones in 2021

LG is considering leaving the smartphone market after reporting billions of pounds in losses over the past five years.

The news comes from a memo CEO Kwon Bong-seok addressed to staff and published by The Korea Herald.

“Since the competition in the global market for mobile devices is getting fiercer, it is about time for LG to make a cold judgment and the best choice”, an LG official told the publication.

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