When your business has been working at a internet loss for the previous six years, there are few methods you may go about staying afloat. In the case of LG Mobile, shutting down all additional efforts now looks as if the most definitely state of affairs. A brand new report from The Korea Times citing business sources claims LG will verify its exit from the smartphone market as early as subsequent week.
The report specifies that an official announcement can be made subsequent week, April 5 after the LG board assembly decides the destiny of the mobile division for good. Just final week LG reportedly went after negotiations to dump its mobile division which finally failed to materialize.
An LG Electronics official commented that the corporate is contemplating a number of methods for its mobile business together with promoting off all the division in addition to a break up sale and pulling out of the smartphone business solely. In addition, rumors that LG Mobile workers can be relocated to the house home equipment division started circulating on Twitter just some days in the past.
For now, all we are able to do is wait patiently for Monday’s board assembly to get the official stance on LG Mobile’s future.
Source | Via