https://wccftech.com/lg-officially-quits-smartphone-business/

After a series of continuous financial losses, LG has officially announced that it is closing down its smartphone business. The decision was approved by the Korean giant’s board of directors, with the company expected to focus on other areas.

With the latest decision, LG states in an official press release that by officially quitting the smartphone business, it will be able to focus on other ventures, ranging from electric vehicle components, connected devices, smart homes, robotics, artificial intelligence, business-to-business solutions, along with platforms and services. There is still positive news for existing LG smartphone owners as the company will continue to provide software support for a limited period of time, but this will depend on which region you live in.