LG Electronics says it’s closing its mobile phone business, with closure expected by 31st July 2021.
Chinese smartphone company Xiaomi is suing the US government. The manufacturer was added to the government’s military blacklist in mid-January, barring Americans from investing in the business.
Apple has announced financial results for the first quarter of its 2021 financial year. It’s reported a record quarterly revenue figure of $111.4 billion (£81.3 billion), up 21% year-on-year.
Samsung has released its new Galaxy S21 Ultra smartphone, describing it as “the ultimate smartphone experience, designed to be epic in every way”. It’s the first Galaxy ‘S series’ device compatible with the company’s touchscreen S Pen stylus.
The UK's Competition and Markets Authority has asked interested parties to comment on the potential impact of the planned $40 billion NVIDIA Corporation takeover of UK-based chip designer Arm Limited. A formal investigation is expected later this year.