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LG officially bids goodbye to the smartphone market

LG officially bids goodbye to the smartphone market

The rumors and speculations will finally come to an end as LG Electronics Inc. has made an official announcement. LG has recently made a statement that it is stepping away for the phone business. This means manufacturing and sales are stopping as the other South Korean tech giant will be focusing more on B2B solution, Internet of Things (IoT), and electric vehicles (EVs). The LG executives have made up their minds and have spoken: the mobile business unit is closing down.

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