LG Drops Out Of The Smartphone Race
Written by Felix Richter, Statista.com
In a move that sounds more industry-shaking than it is, LG Electronics announced its decision to shut down its smartphone business by July 31. In a statement published on Monday, the South Korean company explained that its exit from the “incredibly competitive mobile phone sector” would allow it to “focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.”
Source: http://econintersect.com/pages/contributors/contributor.php?post=202104070105
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