Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal 
Oil Prices Ease but Remain Set for Strong April Gains Amid Middle East Tensions 
China Manufacturing PMI Beats Forecasts in April Amid Weak Domestic Demand 
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours 
Berkshire Hathaway Q1 Earnings Jump 18% as Greg Abel Signals Disciplined Growth Strategy 
Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook 
AI Stocks Rally in Asia as Oil Surge and Hawkish Central Banks Shake Global Markets 
Panama Defends Port Takeover Amid U.S.-China Tensions and Canal Dispute 
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth 
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales 
It was previously reported that LG Electronics is planning to close down its mobile phone business. This means that the company will stop manufacturing and selling smartphones, and the low sales in recent years were cited as the reason.
LG considers getting rid of its mobile phone business
But then again, the South Korean tech company is not giving up easily as Reuters reported it is “considering all options” as it may still be possible to let the business continue. The LG Mobile division is losing money, but there are options to allow it to stay, like shifting to selling phone parts instead of assembling a whole unit and selling them.
“In the global market, competition in the mobile business including smartphones has gotten fiercer,” the outlet quoted LG as saying in a statement. “LG Electronics believes we have reached the point where we need to make the best decision about our mobile phone business, considering current and future competitiveness.”
LG offers huge discounts on remaining phone units in the company
Now, as everyone waits for the final decision with regards to the sale or retention of LG’s smartphone unit, the company just started a huge sale for some of the phones left from the last batch that was released last year.
The Korea Herald reported that LG Electronic’s last batch of phones includes the LG Wing and LG Velvet series, and they are being sold with massive discounts today. The sale is available in the company’s official stores and affiliated merchants.
The sale offering is said to have been announced as the company waits for the final decision with regards to the closure of LG’s smartphone business. The tech giant is taking 50% off the original prices of certain phone models.
It was said that actual sale prices could even be lower in some shops as the sales for LG phones continue to be very slow. For instance, the consumers may find LG Wing that was only released in September 2020, being sold for only KRW400,000 instead of its original price of KRW1.09 million. LG Velvet has lower prices than this, so buyers should grab the chance.
“They could be the last phones from LG, and prices are likely to fall further as the company is preparing to withdraw from the market,” a telecom firm official said.
