Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money

Once a major name in smartphones, LG Mobile is now irrelevant — and still losing money LG was once a stalwart of the smartphone industry — remember its collaboration with Facebook back in the day? — but today the company is swiftly descending into irrelevance. The latest proof is LG’s Q1 financials, released this week, which show that its mobile division grossed just KRW 1.51 trillion ($1.34 billion) in sales for the quarter.

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