Is LG Going to shut down its Mobile Division? Know all details here

LG is one of biggest techlogy companies in world. y produce all sorts of electronic products ranging from TVs, washing machines, ACs, Smartphones and a lot more. However, a new leak suggests that LG might be shutting down it's Mobile division. Re on to if LG shutting down:

Is LG Shutting Down?

LG is a brand that's often kwn for its invation and cour in trying new things with its smartphones. LG was first-ever company and is still only company that provides a Qu-DAC system in ir phones, meaning phone can play highest levels of audio files and support even most powerful hephones that cant run on or smartphones. ir LG G8X Thinq was first smartphone to bring a detachable foldable screen which has a practical application at a price many times lower than Samsung's foldable phones. ir latest invation is LG Wing 5G, a sleek foldable device that is set to compete against Samsung Galaxy Fold series. Still, even with all se invations and features, LG mobiles often lag behind when it comes to sales.

Most consumers prefer Samsung, Apple, and or smaller brands over LG phones. LG smartphone division h been suffering heavy losses even after coming up with invative products. It appears company has finally decided y are going to exit smartphone market after all. 

As per a report by Dong-A Ilbo, a South Korean newspaper, LG is planning to shut down its mobile division. A few days ago it was reported that LG was planning to sell off its smartphone division but company was having trouble finding credible buyers. As per this new update, y may be looking to just shut down ir smartphone business after all. LG h major plans for smartphones in 2021, starting from ir phone with a rollable screen which was even SIG certified. However, new news suggests that LG is going to be scrapping ir plans for releasing new phones at least for first half of 2021. 

As per report LG has been in talks with companies like Volkswn and Vingroup JSC for selling off ir smartphone division, but so far, talks have t been very fruitful. If LG doesn't man to find a buyer, n company will be forced to shut down its smartphone division completely and it would be a big loss to Android ecosystem. LG h me some truly special invations with its smartphones with ir iconic phones such as LG G2, Nexus phone and Google Pixel 2 XL. Stay tuned for more news on techlogy. 

Im Source: Marcus Brownlee Twitter