LG scraps its smartphone business as losses mount
 

[LG Electronics said on Monday it would close
down its loss-making smartphone business.
In January, the South Korean electronics giant
said it was looking at all options for
the division after almost six years
of losses totalling around $4.5bn (£3.3bn).
LG had made many innovations including
ultra-wide angle cameras, rising to third
largest smartphone maker in 2013.
But bosses said the mobile phone market
had become "incredibly competitive".]


Thats a real shame.

https://www.bbc.co.uk/news/business-56635888