After several rumours, LG today confirmed that it is closing its mobile phone business unit after it was approved by its board of directors. The company said that its strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services. Continue reading “LG confirms it is shutting down its mobile phone business”