LG has not been doing well in the smartphone market for a long time. The mobile unit’s possible closure has been talked about for a long time, but now it seems that this is a settled issue. LG has officially confirmed that it is considering leaving the smartphone market in 2022.

The company’s CEO, Kwon Bong-Sok, sent out a message to employees on Wednesday, stating that it was time to rethink some things and make a “better choice.” It will be unknown exactly, but, likely, LG will completely leave the smartphone market. The company is considering various options, including selling the business.

LG confirmed the resource The verge that the letter is real, but the final decision has not yet been made. But given that the company has lost about $ 4.5 billion over the past 5 years on smartphones, and the rollable device Rollable is unlikely to raise the business to its former positions, the conclusion suggests itself.

Write in the comments if you will miss LG smartphones? In my opinion, the last really successful smartphone from the company was the Nexus 5, created with Google. What models do you remember?

Sources: 9to5google, The verge

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