LG is shutting Down its Smartphone Business - LG mobile phone business is wind down by July 31st

 LG Smartphone Business is Getting to                 Shutdown Worldwide

 

The Gaint LG South Korea electronic company is going to getingout from the Smartphone business. After a years of losses in making the smartphone sector. On Monday its officially announced it will close its loss-making mobile phone business worldwide. By the end of the july the era is going to close its mobile business unit. LG which is leading top 3 in the U.S. smartphone marketing for a long time.

From the past 6 years it facing the massive losses of totally $4.6 billion. Lg mobile phone business is wind down by July 31st. But the company is going to continues the updates for their past smartphones. It is still in process for releasing the Android 11 to the devices.

It will continue its Android updates and selling of handsets untill the inventory lasts the provide of software support for existing lineup of smartphone devices for a certain period of time.

LG is Fully shifting its focusing on Home applainces and electronics. As usually it is one of the best and top branded electronic company which is providing worldclass smart innovations. LG is a large market range in Korea and North America.