• LG scraps its smartphone business as losses mount


    LG Electronics said on Monday it would close down its loss-making smartphone business.

    In January, the South Korean electronics giant said it was looking at all options for the division after almost six years of losses totalling around $4.5bn (£3.3bn).

    LG had made many innovations including ultra-wide angle cameras, rising to third largest smartphone maker in 2013.


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