Hold the phone, LG makes a smart move
The company's inventive devices couldn't keep up with the industry's giants. It will now focus on growth areas such as AI and robotics
22 April 2021 - 05:00
It offered real innovative designs in the mobile phone industry. Now LG Electronics is killing off its smartphone division in exchange for investment in robotics and AI.
In 2007, the first iPhone went on sale. At the same time, the top five smartphone manufacturers included household names Nokia, Motorola, Samsung, Sony Ericsson — and LG, which sat comfortably at the fifth spot. Nokia has since been bought by HMD Global, Motorola has seemingly dropped off the map, and most recently LG Electronics announced it is closing its smartphone division...
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