Blog: Why did life stop being good for LG? - Mobile World Live 07 APR 2021
Despite its Life’s Good slogan, this week delivered a bleak outlook for followers of LG Electronics’ mobile handsets, as the company confirmed it would axe the loss-making division rather than selling it or following BlackBerry and Nokia down the licensing route.
But how did it come to this, and where does this leave the mobile phone market in 2021?
LG’s abandonment of the smartphone business comes as no shock to those who have followed the drip-feed of rumours in South Korea’s media tipping its imminent demise, or anyone who had read its recent financial results statements, with the division frequently dragging down the entire business.
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