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LG is reportedly shutting down its smartphone business

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LG might finally be giving up on its smartphone business. We've first , when it was said that the company is looking into either selling, downsizing, or shuttering its money-losing mobile division. Now, according to The Korea Times, the : LG is pulling out of the smartphone business. The outlet's sources say that LG has tried to sell its mobile division to several interested parties, but failed to reach an agreement with any of them. The company is expected to make an official announcement about shutting down its mobile division at its board meeting on Monday, April 5. LG declined to confirm the news to the outlet, saying that "every possibility is open," and that the company "will announce the specific direction" of its mobile communications business.There's no question about why LG might shut down its smartphone division — it , and the company's global smartphone market share has in the past couple of years.Still, the company teased a rollable smartphone during its CES presentation in January. A few days later, the company insisted that the phone is "" and that it will be launched in 2021."If I had a dollar every time someone tells me I had the high ground."8 hours agoByNot quite a biography, not quite a concert doc...13 hours agoByIf you love "Nope" or "Coraline," you must see this movie.09/12/2022By"Game of Thrones" scene-stealer Bella Ramsey is back!09/11/2022ByBenoit Blanc is back!09/11/2022By"Professionalism is racist, sexist, classist, and ableist."13 hours agoByBased on new international standards, it's a step in the right direction for national gun reform.09/11/2022ByBritain's new monarch could have become King Philip, Arthur, or George. Here's why he stood by Charles, the least worst option.09/09/2022ByReady, set, shop.09/09/2022By andEverything you need to know about the protocols, rules, and the accession of the British throne.09/08/2022ByIs 'Wordle' #451 stumping you? Here are some tips and tricks to help you find the answer.21 hours agoByThe good, the bad, and the WTF.10 hours agoByThis is good to go? Everyone fine with it? OK...13 hours agoByRalph is the first Black woman to win in her category in 35 years.20 hours agoByIs 'Wordle' #450 stumping you? Here are some tips and tricks to help you find the answer.09/12/2022ByThe biggest stories of the day delivered to your inbox.By signing up to the Mashable newsletter you agree to receive electronic communicationsfrom Mashable that may sometimes include advertisements or sponsored content.Thanks for signing up. See you at your inbox!

LG might finally be giving up on its smartphone business. We've first , when it was said that the company is looking into either selling, downsizing, or shuttering its money-losing mobile division. Now, according to The Korea Times, the : LG is pulling out of the smartphone business. The outlet's sources say that LG has tried to sell its mobile division to several interested parties, but failed to reach an agreement with any of them. The company is expected to make an official announcement about shutting down its mobile division at its board meeting on Monday, April 5. LG declined to...

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LG is reportedly shutting down its smartphone business

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