LG's flagship models have suffered from software and hardware mishaps which, combined with slower software updates, saw the brand steadily slip in favour. Photo: ReutersSouth Korea's LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. But later, its flagship models suffered from both software and hardware mishaps which combined with slower software updates saw the brand steadily slip in favour. In South Korea, the division's employees will be moved to other LG Electronics businesses and affiliates, while elsewhere decisions on employment will be made at the local level. LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region, it added.

Source: Otago Daily Times April 05, 2021 04:52 UTC