LG Phones Becomes The First Korean Brand To Leave The Smartphone Market

1. LG Phones Becomes The First Korean Brand To Leave The Smartphone Market! In a bizarre turn of events, LG phones, one of the leading South Korean smartphone brands, has decided to pull out of the Indian smartphone market. After accepting loss in the global smartphone industry, South Korean electronics giant LG has agreed to shut down its cell phone division. LG Company announced that it had taken a strategic move to leave the incredibly volatile cell phone market to concentrate on expanding businesses including selling electric car parts. It plans to phase out its LG cell phone business by July 31, while it has stated that it will continue selling phones after that date. The LG smartphone company confirmed that they will provide support from their centers for a while, only in some countries.

2. Image Source- Pinterest The group will now focus on the important aspect from pesticides to television production to South Korean baseball and basketball teams, did not respond to requests for comment. The company stated that it will concentrate on other high- growth areas such as smart home products, automation and robotics, and electric car parts. LG Chem, a company, is one of the world’s largest manufacturers of lithium batteries for electric vehicles, and LG also manufactures components such as dashboard touchscreen screens. LG Smartphone Company was once upon a time Asia’ largest smartphone maker, and the first one to introduce wide-angle lens in smartphones. Why Did LG Leave The Smartphone Market? Any electronics company worth its salt made cell phones in the late 1990s and early 2000s. Mobile phones were no longer a costly industry accessory, but rather an integral consumer item, with enormous potential in a smartphone market that could support a large number of players. Many of the inventions were focused on electronics, and the time saw rapid technical advancements including cameras and color television. But, with the introduction of the LG smartphone, everything changed – even stuffy BlackBerrys became desirable machines – and it was unavoidable that certain people would lose their jobs.

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