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.