The company “LG” intends to stop manufacturing smartphones due to the losses


Telephone "LG"

Photo released, Getty Images

LG Electronics announced today, Monday, that it will close its business of manufacturing and selling smart phone devices that is suffering losses.

The South Korean giant in the field of electronic devices said last January that it is studying all options related to this section after incurring losses for nearly six years, with a total value of about $ 4.5 billion.

And “LG” has registered many inventions, including cameras with a very wide shooting angle, which qualified it to rise to the rank of the third largest manufacturer of smart phones in the world in 2013.

But company managers say the mobile phone market has become “very competitive”.

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