The company “LG” intends to stop manufacturing smartphones due to losses



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Phone "LG"

Published photo, Getty Images

LG Electronics announced today, Monday, the closure of its loss-making smartphone manufacturing and sales operations.

The South Korean electronics giant said in January that it was exploring all options related to this section after suffering losses for nearly six years, totaling around $ 4.5 billion in value. .

“LG” registered many inventions, including ultra-wide angle cameras, making it the world’s third-largest smartphone maker in 2013.

But business leaders say the mobile phone market has become “very competitive”.

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