LG has completely stopped producing smartphones

News

LG has completely stopped producing smartphones

03.06.2021 News

The electronics company LG has completely stopped producing smartphones.

The latest gadgets of this brand are Velvet 2 Pro and LG Rollable. These smartphones never hit the free market. And the rest of the models LG sells to its employees working in South Korea.

By the way, the only factory that specialized in the manufacture of smartphones and tablets, located in Vietnam, will be engaged only in the assembly of household appliances.

Note that this plant became the main company in 2015. In addition to mobile electronics, there were modules for cameras, large appliances and displays. From this day, May 31, the production of large appliances will be the main focus of LG.

The company’s departure from the market was commented on by a sharp decline in demand for manufactured devices, which was recorded in April this year.

Other articles

  • The state will sell its stake in Lufthansa in the next two years
    News

    The state will sell its stake in Lufthansa in the next two years

    The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]

  • Lufthansa will repay the state aid of 2.5 billion euros
    News

    Lufthansa will repay the state aid of 2.5 billion euros

    The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]

  • Gazprom has delivered a record amount of gas to Turkey
    News

    Gazprom has delivered a record amount of gas to Turkey

    In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]

  • The State Statistics Service has improved the quarterly economy
    News

    The State Statistics Service has improved the quarterly economy

    According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]

  • What help Ukrainian entrepreneurs need to export more
    Analytics

    What help Ukrainian entrepreneurs need to export more

    Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]

  • The Ministry of Finance named the main risks of the economy in 2022
    News

    The Ministry of Finance named the main risks of the economy in 2022

    Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]

  • Ryanair plans to become the main investor in Ukraine
    News

    Ryanair plans to become the main investor in Ukraine

    The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]

  • Almost 740 enterprises have been put up for sale in Ukraine
    News

    Almost 740 enterprises have been put up for sale in Ukraine

    Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]

Read also

LG has completely stopped producing smartphones
News

AMCU fined the plant “Ukrproduct Group” of 790.3 thousand UAH for adding vegetable fats in the butter

Vegetable fats have been repeatedly found in butter produced in the SE “Starokonstantinovsky dairy factory”. This is confirmed by the state of research in 2012-2014.  The Antimonopoly Committee has fined SE  “Starokonstantinovsky Dairy Plant”, which belongs to the largest Ukrainian manufacturers, the Ukrproduct Group company. The fine amounts to 790.3 thousand UAH. This was reported […]

Next
LG has completely stopped producing smartphones
News

Kiev bank intends to sue with the Creative of the $ 15 million debt

Kyiv bank “Piraeus Bank ICB” asks the Commercial Court of Kirovograd region to recover from the “Creative”company, which entering into the “Creative Group”, $ 15,629,000 of the loan debt,  – reports the “ProAgro”. This is stated in the bench ruling of the court from January 27, 2016. “Piraeus Bank ICB” filed a lawsuit to recover […]

Next
LG has completely stopped producing smartphones
News

Visa will start making payments in cryptocurrency

The Visa payment system will allow the use of the USD Coin stablecoin for settlements in its network, the company said in a press release. The payment system has launched a pilot project in conjunction with the cryptocurrency platform Crypto.com and plans to offer the opportunity to conduct transactions with this cryptocurrency to partners in […]

Next
LG has completely stopped producing smartphones
News

The IMF has forecast the growth of the Ukrainian economy

In 2021, the Ukrainian economy will grow by 4%. This is stated in the updated IMF forecast. At the same time, next year growth will slow to 3.4%. Inflation in Ukraine is expected to increase to 7.9% in 2021 after declining to 2.7% in 2020, and to 6.8% in 2022. The current account surplus of […]

Next
LG has completely stopped producing smartphones
News

The Investment company Prosperity Capital Management increased its stake in the agricultural holding MHP

The investment company Prosperity Capital Management has concentrated 7.93% of global depositary receipts (of GDR) of the largest Ukrainian producer of poultry – agricultural holding “MHP” (MHP). According to a report on the website of the London Stock Exchange on Friday, now the company owns 8,000,000 789,186 GDR. According to the information at Prosperity Capital […]

Next
LG has completely stopped producing smartphones
News

Nissan has introduced a limited series of sports cars

Nissan has introduced a new sports car Nissan GT-R NISMO Special Edition. The car is equipped with a dual 3.8-liter turbocharged V-6 engine with 600 horsepower and 481 Nm of torque. The sports car accelerates to 96 km/h in 2.8 seconds. The first sales in the US are expected this fall. The cost of the […]

Next
LG has completely stopped producing smartphones
News

Elon Musk Lost $44 Billion in a Few Hours

At the close of trading on the New York Stock Exchange on Monday, July 13, Tesla Inc. stock price fell to $1497 per share from a record $1794 recorded in the first hours after the trading opened. Consequently, the company’s capitalization in just a few hours fell from $321 billion to $277 billion. Tesla’s previous […]

Next
LG has completely stopped producing smartphones
News

Alibaba’s financial report exceeded expectations, with a record 60% growth in the cloud computing business

Shares of Alibaba, up 35.7% since the beginning of the year but down almost 8% this week, rose 5.3% during trading on Friday after China’s largest public company announced second-quarter results financial year 2021, which ended in September. Alibaba’s quarterly report was preceded by news of the termination of the IPO of financial technology company […]

Next
LG has completely stopped producing smartphones
News

Eli Lilly and Regeneron have requested the permission for the emergency use of drugs from COVID-19

Eli Lilly and Regeneron have applied to the Food and Drug Administration (FDA) for the permission to use emergency coronavirus drugs. Eli Lilly conducted clinical trials with the placebo group, as a result of which the drug has proven its antiviral action. Regeneron did not provide the research data, but the company’s drug was widely […]

Next
LG has completely stopped producing smartphones
News

Viber starts public accounts in Ukraine

The public service is the channel  of sales department and marketing for news distribution.  Michael Shmilov, the Viber director informs that application interface could optimise by the concrete organisation. After public account creation, the administrators could send the messengers to subscribers in different ways: through CRM system manually  or through chat-bots in private messengers. The […]

Next
LG has completely stopped producing smartphones
News

The value of bitcoin has exceeded $ 60 thousand again

The most popular cryptocurrency bitcoin has risen again to 60 thousand dollars. Its value increases on the news of a possible reduction in supply. Reuters writes about it. Note that bitcoin first took this bar on March 13, reaching a record high of $ 61,781.83 on the Bitstamp exchange. This came immediately after US President […]

Next
LG has completely stopped producing smartphones
News

BlackBerry shares have soared. The company will start working with Amazon

Shares of BlackBerry jumped sharply on auction on December 1 after the news of a partnership with Amazon Web Service. Together they will develop and sell a service for connected cars – IVY platform. Stock quotes at the beginning of trading on the New York Stock Exchange (NYSE) rose by 35%. The company’s first plans […]

Next
LG has completely stopped producing smartphones
News

Souce business: what is happening with the production in Ukraine?

In Ukraine it is observed the decline in the production of sauces , namely the manufacture of ketchup, sauces based on mayonnaise and mustard. But, nevertheless, the export of these products was reduced insignificantly by manufacturers and domestic demand continues to be satisfactory. According to the State Statistics Service of Ukraine, figure of ketchup manufacturing […]

Next
LG has completely stopped producing smartphones
News

The Ministry of Agrarian Policy announced the number of registered land agreements

As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]

Next
LG has completely stopped producing smartphones
News

Shares of cruise company Royal Caribbean rose on 10% against of the background of optimistic forecasts

Shares of cruise company Royal Caribbean, which decreased by 57% since the beginning of the year, rose for the last quarter and closed with an increase of 10% to $ 57.31 per share on Monday after the publication of the financial results of the second quarter. Investor`s optimism is based on Royal Caribbean management’s statements […]

Next
LG has completely stopped producing smartphones
News

The “Astarta” agricultural holding will invest 10 million UAH in the development of the industry

The largest producer of sugar in Ukraine, the “Astarta” agricultural holding launched the project on drip irrigation in the Poltava region. The cost of the project is 10 million UAH. “Irrigation technology will be applied to the crops of sugar beet: first, 360 ha, and according to the results of the project in this year, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com