LG has decided to stop producing smartphones, to focus on other areas of its business.
Electronics brand LG has become the first major smartphone brand to withdraw from the global smartphone market.
The South Korean company and its smartphones generally target price conscious customers.
The brands smartphone division has achieved almost six years of losses totalling almost $6 billion.
In a highly competitive market, like the smartphone market, execution failures lead to corporate failures.
LG had its fair share of 'novel innovation', but terrible execution, such as:
It's fair to say quitting the insanely competitive smartphone space will mean it can focus on other growth areas of the business.
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