Will LG’s exit help archrival Samsung consolidate its mobile business? Logos of LG and Samsung

As was widely predicted, LG has officially quit making phones. After years of mounting losses LG said it will close its mobile business by July 31. The decision came two months after the company hinted at exiting from its loss-making mobile communications (MC) unit. 

Though it was said that a Vietnam-based company would take over it, quite evidently, it didn’t pan out that way.