LG has reportedly decided to shutter its loss-making smartphone business
(Android Central)

An official announcement could come on Monday. What you need to know LG has apparently decided to quit the smartphone market. An official announcement regarding the decision could be made as soon as next week. LG will be relocating its mobile communications employees to other divisions. LG has apparently decided to wind its mobile communications division and relocate its employees to other business units, according to a new report from The Korea Times. Industry sources told the publication: LG has considered various options such as a sale, split sales or pulling out of the smartphone business, but decided recently to pull out of the business. The industry sources added that LG will make an official announcement about the decision at its upcoming board meeting on April 5. When asked for a comment, an LG Electronics spokesperson said: There`s nothing to comment on. All we can say is that every possibility is open. Although we cannot confirm that right now, we will annou...