- Home
- Technology
- News
South Korea's LG becomes first major smartphone brand to withdraw from market
Seoul: The South Korean electronics giant LG on Monday announced that it would close down its loss-making android business, becoming the first major smartphone brand to completely withdraw from the market.

As per details, LG has suffered from its own hardware and software issues and logged nearly six years of losses of some $4.5 billion.
The electronic giant in a statement said, "LG's strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics and artificial intelligence".
The statement further added that It will provide service support and software updates for customers of existing smartphones for a period of time.
The brand had made many innovations including ultra-wide angle cameras and became the third largest smartphone maker in 2013. However, it still ranks as the third most popular brand in North America but has slipped in other markets.
LG smartphones are still common in its domestic South Korean market.
According to research firm Counterpoint, LG shipped 28 million phones, which compares with 256 million for Samsung in 2020.
Company’s current global share is only about 2% and LG’s Electronics shares have risen about 7% since January.
Meanwhile, other well-known mobile brands such as Nokia, HTC and Blackberry have also fallen from lofty heights.
Pakistan, Türkiye, Azerbaijan pledge stronger parliamentary ties for regional peace, prosperity
- 3 hours ago

After Lahore, religious party protests, and arson in Karachi
- 4 hours ago

Trailer of Mahira Khan, Fawad Khan's film Neelofar released
- 4 hours ago
Ex-Pakistan Test cricketer Wazir Mohammad dies at 95
- an hour ago

Windows 10 support ends on October 14
- 3 hours ago
In Jerusalem, Trump hails ‘historic dawn of a new Middle East’ after Gaza ceasefire deal
- an hour ago

Is America on the brink?
- 3 hours ago

Husband commits suicide after killing wife, daughters in Peshawar
- 4 hours ago

Pak-Afghan tensions: KSE-100 loses over 5,300 points
- 3 hours ago
West Indies Cricket Board appoints Darren Sammy new Test team head coach
- 4 hours ago
China shows extreme concerns over border clashes between Pakistan, Afghanistan
- 2 hours ago

Fourth national polio eradication campaign for 2025 begins
- 4 hours ago