LG called it quits.
LG announced its exit from the smartphone market earlier this week. It wasn’t a sudden move as the mobile division of the South Korean compa...
This post was first published at 'The Photonetix' before December 21, 2021. May possibly be outdated info and may not reflect our current editorial direction.
LG announced its exit from the smartphone market earlier this week. It wasn’t a sudden move as the mobile division of the South Korean company had been making losses for some time. The departure of LG from the smartphone market was a sad moment for at least some loyal customers.
During its time, LG managed to bring some very exciting phones to the market. These include the LG G Flex, which had a self healing back, LG G8X ThinQ with a detachable dual screen, and the recently launched LG Wing with a rotating display. The company also showed off its rollable smartphone concept at CES 2021 that wowed even its critics, and the media.
However, those innovations didn’t help the company gain against the likes of Apple and Samsung.
Though it has exited the smartphone business, LG could end up making a comeback, along the lines of Nokia and BlackBerry who have found new licensee manufacturers.
Although this is a tough time for Businesses to even stay afloat, LG wasn’t able to bear the load internally and thus they broke.
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