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LG is out of smartphones but not connectivity

As anticipated Korean tech giant LG has decided to throw in the towel on smartphones, having failed to find a way to make a profit out of them. The decision was formally announced after board meeting but had presumably been on the cards for a while. The only company that makes decent profits out of smartphones is Apple, because its margins are much greater than any Android vendor. In fact, it could be argued that the only company that...

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LG reportedly set to exit smartphones

Korean tech giant LG has been struggling in the smartphone game for years and now seems likely to finally call it a day. There’s nothing official yet, but the Korea Times is confident enough in its sources to run with the story. Having said that, a formal announcement is expected to be made after an LG board meeting on 5 April. Of course it’s quite possible that Korea Times has been misled, but it would come as no great surprise if...