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LG Exits The Smartphone Business

Even after announcing at the CES Show that it would market some high-concept smartphones this year, the South Korea-electronics company announced it's getting out of that business, where it couldn't make headway against Apple and Samsung. “LG says this means it'll be free to focus resources on growth areas, citing a whole list of sectors where its brand is better positioned: ‘electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services,’” per Techradar.

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