LG Officially Calls It Quits for Its Smartphone Business

LG is throwing in the towel for its smartphone business. The South Korean tech giant suggested back in January that it was considering leaving the smartphone world after a $4.5 billion USD loss over the past five years; the company has officially confirmed its exit.The company has been struggling to carve out its own space in the market. Its high-end smartphones seemed to have been beaten out by competitors like Samsung and Apple, while its more affordable offerings were faced against Chinese ri...