Facing stiff competition and heavy losses, LG may be looking for a smartphone exit strategy. Rae Hodge Jan. 20, 2021 7:42 a.m. PT Despite recently premiering its new rollable phone tech at the 2021 Consumer Electronics Show, LG may be considering getting out of the smartphone game altogether, according to a Wednesday report by The Korea Herald. The tech giant is facing stiff competition from other manufacturers as it looks to balance a $4.5 billion loss over the past five years.LG CEO Kwon Bong-seok reportedly sent a memo to employees Wednesday, notifying them of big changes coming to the company’s smartphone division, which might include a sale. Editors’ top picks Subscribe to CNET Now for the day’s most interesting reviews, news stories and videos. “Regardless of any change in the direction of the smartphone business operation, the employment will be maintained, so there is no need to worry,” Bong-seok reportedly said.”Since the competition in the global market for mobile devices is getting fiercer, it is about time for LG to make a cold judgment and the best choice,” an LG official told The Korea Herald. “The company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone… Read full this story
- Samsung Galaxy S9 Plus deep dive
- OnePlus 7 Pro Review: Big Phone Lovers, Your Phone is Here
- Your Next iPhone Might Be Made in Vietnam. Thank the Trade War.
LG reportedly considers leaving the smartphone game have 230 words, post on www.cnet.com at January 20, 2021. This is cached page on VietMaz. If you want remove this page, please contact us.