Why phone companies need to come out of this boring ‘risk-averse’ phase

During the weekend, I started searching for LG Wing on OLX and found countless listings of the smartphone, once considered to be the last resort for the South Korean major to correct its flagship smartphone strategy. LG is now out of the smartphone business, and it’s sad to see how a company once on the top of the game was reduced to closing its phone division after bleeding money for years.

The perception in the industry is that because LG had a string of not-so-commercially successful smartphones, it was left with no choice but to exit the market.