LG is thinking about closing the smartphone division

According to the network, LG is seriously thinking about abandoningProduction

The final decision on this matter will be made by the end of March, and in early April the company should announce it publicly.

Interestingly, LG initially tried to sell its mobile business to such giants as Volkswagen AG and Vietnamese Vingroup JSC. But in the end, according to RBC, the negotiations were unsuccessful.

Note that earlier rumors appeared on the network,according to which the Korean brand has suspended the development of new smartphones. Then it was associated with the failure of LG Wing - one of the most unusual devices in the telephone segment in recent years.

Recall that over the past 5 years, LG's smartphone division has accumulated losses of $ 4.5 million.