It’s bad news as LG confirms it’s getting out of the mobile phone business – expects the process to be completed by July 31

[Peter Holden]

After last week’s rumor that LG would announce its exit from the phone-making business on April 5th, we now have confirmation from the company itself that it’s closing down its loss-making mobile division. The move comes after LG’s mobile business posted losses for 23 consecutive quarters and innumerable changes in mobile strategy, with perhaps the […]

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