LG confirms it’s getting out of the smartphone enterprise

LG’s Wing was a uniquely designed gadget launched final 12 months. | Photograph by Chaim Gartenberg / The Verge

LG is exiting the smartphone enterprise, the corporate confirmed immediately. The choice will “allow the corporate to focus sources in progress areas reminiscent of electrical car parts, linked gadgets, sensible properties, robotics, synthetic intelligence and business-to-business options, in addition to platforms and providers,” LG mentioned in a press release.

Present telephones will stay on sale, and LG says it’ll proceed to help its merchandise “for a time frame which can differ by area.” The corporate hasn’t mentioned something about attainable layoffs besides that “particulars associated to employment shall be decided on the native stage.” LG says it expects to have accomplished the enterprise’ closure by the top of July this 12 months.

The transfer has been rumored for a number of…

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