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

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

Technology
South Korean electronics maker LG says it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and servicesByThe Associated PressApril 5, 2021, 9:13 AM• 1 min readShare to FacebookShare to TwitterEmail this articleSEOUL, South Korea -- 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.LG was once the third-largest mobile phone maker but has lost market share to Chinese and other competitor...