New report suggests LG could exit flagship smartphone market

LG’s Mobile Communications division has reported 23 consecutive quarters of losses and, despite , a complete shutdown was said to be on the table last week.

Those rumors were quickly shut down by the brand when contacted for a comment, but now additional reports suggest  does indeed have some important changes in the pipeline for its business. 

LG could exit the premium smartphone segment
In a statement sent to staff this morning, quotes LG CEO Brian Kwon as saying the following: 

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