The bad news for LG smartphone lovers is that the South Korean company LG Electronics has decided to stop manufacturing and selling smartphones.
According to reports, LG will stop manufacturing and selling smartphones after July 31. If that happens, LG will become the first smartphone company to withdraw from the smartphone market.
According to a statement issued by LG, the company’s mobile division has lost 4.5 billion in the last six years and will now focus on electric vehicle devices and smart homes.
In 2013, LG was the third largest smartphone maker in the world after Samsung and Apple, but later LG’s flagship models began to face software and hardware issues. According to analysts, the main reason was the lack of experts.