Big Tech Update
After many rumors, LG finally confirmed on Monday that they are throwing in the towel on their smartphone business.
One of the reasons that LG decided to quit making smartphones is because it struggled to compete with Apple and Samsung, since both companies dominate the market. LG also failed to stay relevant and adapt over time in order to remain competitive. The company did try one last ditch effort with the LG Wing – a phone with two screens that was shaped like a T, but it was too little too late.
Now that LG is officially done with smartphones, the company is setting its sights on other tech markets where it hopes to recoup some lost business.
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This has been John Denton
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