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LG Electronics To Shut Down Its Mobile Phone Business - Phones - Nairaland

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LG Electronics To Shut Down Its Mobile Phone Business by ijustdey: 1:31pm On Apr 05
The South Korean electronics manufacturer, LG, is closing its loss-making mobile phone business.

The board of directors approved the move on Monday, LG Electronics said in a statement released in Seoul.

The shutdown of LG’s mobile phone sector is expected to be completed by the end of July.

“LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics and artificial intelligence.

“It will also focus on business-to-business solutions as well as platforms and services,’’ the statement added.

LG wants to “continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas’’.

Core technologies developed during the two decades of LG’s mobile business operations are to be retained and applied to existing and future products, the company said.

LG’s withdrawal from the smartphone business had been on the horizon for some time.

The division has shown an operating loss for years.

dpa/NAN

https://dailynigerian.com/electronics-shut-mobile-phone/

1 Like

Re: LG Electronics To Shut Down Its Mobile Phone Business by baralatie(m): 1:33pm On Apr 05
why
Re: LG Electronics To Shut Down Its Mobile Phone Business by Cutezt(m): 1:45pm On Apr 05
Ah, na wa o, Buhari's body odor Don cross border reach there?

Anyways, I'm just fine as long as Xiaomi doesn't fold up.

52 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by Shellsploit: 1:45pm On Apr 05
Amazing development..


They should also shut down there 3 in 1 computer production business and focus more on electronics.

11 Likes 1 Share

Re: LG Electronics To Shut Down Its Mobile Phone Business by slawormiir: 1:45pm On Apr 05
Damnnn niggarrrr
Hahha....laugh in swahili

If he nor good for your brain.....quit

Them want run...
Area of specialization matters in this godamnn world

Make them stick to their television and refrigerator

62 Likes 4 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by GorillaApp: 1:45pm On Apr 05
Saw it coming. Wasn't surprised one bit. This decision is best for business.


I just pity for the staff affected.

15 Likes 1 Share

Re: LG Electronics To Shut Down Its Mobile Phone Business by karzyharsky(m): 1:45pm On Apr 05
Make dem focus electronics

2 Likes

Re: LG Electronics To Shut Down Its Mobile Phone Business by Teaser4(m): 1:46pm On Apr 05
See wetin Buhari cause....

11 Likes

Re: LG Electronics To Shut Down Its Mobile Phone Business by Nicklaus619(m): 1:46pm On Apr 05
They have lost their mojo on mobile phone making long time ago, they are among those tech company that refuse to keep up to technological advancement as such they couldnt keep up to the market competition.

2 Likes 1 Share

Re: LG Electronics To Shut Down Its Mobile Phone Business by IMASTEX: 1:46pm On Apr 05
Business is about meeting customer's satisfaction while competing other companies. Like the phrase goes in the movie 3Idiots "compete or die". Even Nokia is struggling to regain relevance.

14 Likes 1 Share

Re: LG Electronics To Shut Down Its Mobile Phone Business by tribalistseun: 1:46pm On Apr 05
They should just focus on TV and fridge alone and stop this their nonsense phones

9 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by okeyumez(m): 1:46pm On Apr 05
LG products are over rated.
They failed in phone business due to their inability to embrace innovations and competite favourably with other competitors.
Even in electronics, I see them crashing in future like National, KDK, sharp and others.
They hate market competition

7 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by GreaterFuture(m): 1:46pm On Apr 05
Hmmm..
Re: LG Electronics To Shut Down Its Mobile Phone Business by deji17: 1:47pm On Apr 05
Ah.. LG phones are one of the best.

15 Likes

Re: LG Electronics To Shut Down Its Mobile Phone Business by speaktome(m): 1:47pm On Apr 05
That side no give better returns











#MySignature
#MyBusiness
Re: LG Electronics To Shut Down Its Mobile Phone Business by psychologist(m): 1:47pm On Apr 05
Long overdue
Re: LG Electronics To Shut Down Its Mobile Phone Business by Mindlog: 1:47pm On Apr 05
It is high time and focus on home appliances.

2 Likes

Re: LG Electronics To Shut Down Its Mobile Phone Business by JEFFERSON016(m): 1:47pm On Apr 05
Life is Good
Re: LG Electronics To Shut Down Its Mobile Phone Business by Crimrburster: 1:47pm On Apr 05
Good
Re: LG Electronics To Shut Down Its Mobile Phone Business by Oyiboman69: 1:48pm On Apr 05
Na una sabi...
Re: LG Electronics To Shut Down Its Mobile Phone Business by leseyeb581: 1:48pm On Apr 05
Follow me
Re: LG Electronics To Shut Down Its Mobile Phone Business by Danny50: 1:48pm On Apr 05
I never knew there were still existing
Re: LG Electronics To Shut Down Its Mobile Phone Business by Kennykenty(m): 1:48pm On Apr 05
Too bad
Re: LG Electronics To Shut Down Its Mobile Phone Business by Scatterscatter(m): 1:48pm On Apr 05
I've been expecting this news since 5yrs ago. They got their marketing strategy wrong from day 1. No direction, no innovation.

7 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by Offpoint1: 1:48pm On Apr 05
Their electronics are one of the best... Still using their DVD for over 8 years now

16 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by godwinkessi: 1:49pm On Apr 05
Vc y
Re: LG Electronics To Shut Down Its Mobile Phone Business by Duplexxx: 1:49pm On Apr 05
OK O
Re: LG Electronics To Shut Down Its Mobile Phone Business by GIANTPLUSHUB: 1:50pm On Apr 05
Quite sad. They made madt phones mheen! Like their G series, V series. I think they didn't do enough marketing for their phones because those phones are beast.

28 Likes 2 Shares

Re: LG Electronics To Shut Down Its Mobile Phone Business by Crimrburster: 1:50pm On Apr 05
tribalistseun:
They should just focus on TV and fridge alone and stop this their nonsense phones
nonsense? Itel, tecno and infinix cannot attain their standards in next 2 decades. Almost all flagships from tecno can't withstand G8. Argue with specs. LegalRambles come and masturbate with your g70.

35 Likes

Re: LG Electronics To Shut Down Its Mobile Phone Business by wwwtortoise(m): 1:50pm On Apr 05
I hae long anticipated this move by LG.

What took you guys so long? I mean with the brands comparative market disadvantage to the likes of Apple, Samsung, Huawei, Infinix & Tecno brothers.

Now Nokia will soon follow suite unless a massive market penetration is activated via

- Affordable high-end mobiles (to compete with the big leagues)

- Aggressive marketing

- Point of sale customer engagement.

PS:
I just ditched my (3weeks old) infinix note7 to get 11pro max. The cost is not pocket friendly but it's worth it.

3 Likes

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