LG considers exiting smartphone business after $4.4B loss in 2020

South Korean electronics giant and iPhone supply chain member LG is thinking about shutting down its mobile business entirely, after hints it wanted to sell the arm in January failed to result in any serious interest.

The LG V50, a dual-screen 5G smartphoneThe LG V50, a dual-screen 5G smartphone

Years ago, LG was a popular smartphone producer, and was the third-largest in the world at one point. However, with the mobile arm failing to be profitable to the company for a number of years, it is keen to move on.

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