{"id":8387,"date":"2021-04-08T10:54:19","date_gmt":"2021-04-08T10:54:19","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=8387"},"modified":"2021-04-08T10:54:19","modified_gmt":"2021-04-08T10:54:19","slug":"lg-quits-the-smartphone-business","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/08\/lg-quits-the-smartphone-business\/","title":{"rendered":"LG quits the smartphone business"},"content":{"rendered":"
\n
\n

LG Electronics will no longer develop smartphones due to the competitive production market and lackluster financial situations,\u00a0the company announced.<\/p>\n

\"LG-quits-the-smartphone-business-rapidnews-dailyrapid\"<\/p>\n

\u201cLG\u2019s 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,\u201d it mentioned in a statement.<\/p>\n

LG phones accounting for just 7.4% of the company\u2019s total revenue whereas its global mobile market share is approximately 2%.<\/p>\n

In 2013, the company was the third-largest smartphone maker in different regions as the company was able to come up with some of the innovative features of the time like the ultra-wide angle.<\/p>\n

But there were complaints of hardware and software issues in the LG phones.<\/p>\n<\/div>\n<\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LG Electronics will no longer develop smartphones due to the competitive production market and lackluster<\/p>\n","protected":false},"author":1,"featured_media":8389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-8387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nLG quits the smartphone business; Existing phones to remain on sale<\/title>\n<meta name=\"description\" content=\"LG Electronics will no longer develop smartphones due to the competitive production market and lackluster financial situations,\u00a0the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2021\/04\/08\/lg-quits-the-smartphone-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LG quits the smartphone business; 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