Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
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.
