LG, one of the tech gaint, considers quitting the smartphone market in 2021. After losing nearly around $4.5 billion over the past few years.
Since the competition has increased in the global market. The company considering all possible ways to withdraw and downsizing of the smartphone business. LG has tried, to bring out new handsets to compete with Samsun, and Xiaomi but they don’t see any growth in the market share value.
But Samsung, Huawei, Apple, Xiaomi, and Vivo all continued to dominate the worldwide smartphone market. The company is now trying to focus on new turnable handsets, which are new to the market. LG is going to launch its new foldable mobile in 2021, and maybe it will be the last mobile handset made by LG.