Report: LG failing to find a buyer for its smartphone business, Velvet sequel put on hold
March 23, 2021
After years of being a notable player in the Android smartphone market across the globe, LG has seen near-constant losses from its mobile efforts. Earlier this year, the company confirmed it was looking at options to exit the smartphone business, and now it might come down to LG just pulling the plug entirely with a shutdown of its smartphone efforts.
A report from DongA (via Bloomberg) claims…