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LG to focus on TV and move away from smartphones: report

LG may be shifting resources into areas it believes it can be more successful in, such as TVs, and out of its smartphone business. The LG G2. (Credit: CBS Interactive) The report comes via Korean IT news outlet ET News, which says that the shift in resources will reduce the workforce in the smartphone division, although not the overall R&D …

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LG said to be shifting resources from smartphones to TV

LG has plans to shift its resources and focus on businesses in which it believes it can be more successful, according to a new report. Korean IT news outlet ET News reported on Wednesday that LG has started to shift some resources from its smartphone operation to its television business. The main thrust of the move is to focus on …

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