readcaffeine logo
  • Home
  • Apps
  • Smart home
  • Smartwatch
  • Mobile Phones
  • PC
  • Newsletter
  • Deals
Subscribe
No Result
View All Result
  • Home
  • Apps
  • Smart home
  • Smartwatch
  • Mobile Phones
  • PC
  • Newsletter
  • Deals
No Result
View All Result
readcaffeine icon

It’s official, LG is going to shut down it’s mobile phone business

by Caffeine Editorial Team
April 5, 2021
Share on FacebookShare on TwitterReddit
Sunsama Sunsama Sunsama
ADVERTISEMENT

 

So it’s official, LG’s mobile phone business is shutting down 

The Korean company said in a regulatory statement that its shutting down their mobile business and will no longer produce mobile handsets

Their business has been losing money since 2015

Their losses reached 4.4 Billion Dollars last year  

They reportedly had talks with vingroup (a Vietnam company) and Volkswagen to sell their mobile business but the talks fell through 

The Cache

Get the latest tech news and insights delivered right to your inbox once a week.

Thank you!

You have successfully joined The Cache

ShareTweetShare
Caffeine Editorial Team

Caffeine Editorial Team

The Caffeine Editorial Team is the driving force behind our website's content. Covering and Reviewing Tech since the website's Inception in 2020, Caffeine has grown to review and cover all types of software and tech products.

Related Posts

Via: Andreas Haslinger
Guides

How To Get Water Out Of A Charging Port – Easy Guide

September 3, 2022
Pixel Fold
Mobile Phones

Google’s Foldable “Pixel Fold” reportedly coming in Q4 2022

May 4, 2022
Sony Xperia 1 IV Render
Mobile Phones

Sony Xperia 1 IV Could Launch at Sony’s May 11 Event

April 28, 2022
Next Post

Tag Heuer is making a $2,150 Super Mario Smart Watch

Sunsama Screenshot
Apps

Sunsama Review: The Best Daily Planner for Professionals

Business

Why Printify & Printful Are the Best Print-on-Demand Solutions for Your Business

March 31, 2025
Business

Printify Choice Overview: What it means for POD Brands

August 29, 2024
Apps

Envato Elements Review: Unlimited Creative Assests Subscription

  • Home
  • Contact Us
  • About Us
  • Work With Us
  • Disclaimer
  • Privacy Policy
  • The Cache

© 2022 Ghandour Group LTD All rights reserved.

No Result
View All Result
  • Home
  • Apps
  • Smart home
  • Smartwatch
  • Mobile Phones
  • PC
  • Newsletter
  • Deals

© 2022 Ghandour Group LTD All rights reserved.