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SKorea's LG to exit loss-making mobile phone business

SKorea's LG to exit loss-making mobile phone business

3 years ago
Anonymous $hYN7Hy7o7J

https://apnews.com/eb75fa1e26016bc0e73fd608203c9e6a

SEOUL, South Korea (AP) — South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services.

LG's board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it said in a statement.

SKorea's LG to exit loss-making mobile phone business

Apr 5, 2021, 10:29am UTC
https://apnews.com/eb75fa1e26016bc0e73fd608203c9e6a > SEOUL, South Korea (AP) — South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services. > LG's board approved the shift in strategy and the company expects to fully exit the mobile phone business by the end of July, it said in a statement.