LG announced that it would end its global mobile phone business. LG says it will continue to support existing products but will focus on more profitable areas such as smart appliances or electric vehicle components. LG's mobile phone business is expected to be completely closed by July 31, 2021. However, some of the existing models will continue to be sold. The company promises to continue to support existing products and to update the software. LG has dropped out of the race.

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