Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

LG Exiting Smartphone Business

TheMotleyFool

0 0

Not for the first time, a big global tech name is bowing out of the cutthroat smartphone business -- Korean electronics giant LG. The company said in a press release that it is shuttering its mobile phone business unit, a decision approved by its board of directors.

LG has never been a particularly important player in the global market for such devices. It faced stiff competition not only from the durably popular Apple (NASDAQ: AAPL) iPhone but also from appealing models produced by powerful regional manufacturers such as Samsung and Xiaomi.

Image source: Getty Images.

Source Fool.com

Like: 0

AAPL

Share