LG to Exit Phone Industry after Unprofitable Sales

LG Phone

Losses in the mobile phone business have driven the South Korean electronics company LG to quit the production of phones and instead focus more on profitable items including electric vehicle components, robotics and artificial intelligence.

Following approval from the company’s board, LG on Monday announced the changes and expects to fully exit the phone industry by July.

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JC Bowman Commentary: Exposed in a Technological Age

classroom

An old and wise saying challenges us to: “Believe nothing you hear, half of what you read, and some of what you see.”  It is critical to examine issues from all angles, rejecting gossip, mistruths, bias or information not supported or misinterpreted.  Put what you see or read into proper context to make sure what you think you are seeing is factual. 

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