LG confirms official exit from the smartphone market. The end of an era

Over the past few months there have been many rumors about LG’s decision to leave the smartphone market. Now, despite having repeatedly denied the rumors, the manufacturer has made its decision official through an official statement.

See also: Android Auto will hit Porsche cars very soon

According to the report, the manufacturer reveals that this decision will allow “to focus resources on areas of growth such as components for electric cars”, IoT devices and other areas.

This is the end of yet another era in the smartphone market that increasingly sees manufacturers that were once market leaders not being able to survive.

LG abandons smartphones

What will happen to LG smartphones?

The manufacturer revealed that smartphones that have already launched on the market will continue to be sold and, support for them will have a variable time according to each region.

After launching the innovative LG Wing, the manufacturer managed to stay in the spotlight thanks to the many rumors and leaks of information about the already confirmed LG Rollable, which would be the first smartphone to hit the market with a scrollable / extensible screen.

However, with the confirmation of the closure of its smartphone business, it is very likely that this smartphone will never end up being officially presented.

LG Rollable

LG Rollable

LG failed to sell its smartphone division

At the beginning of the year, rumors about the closure of its smartphone division intensified, eventually forcing the manufacturer to issue an official statement on the matter. In this statement, they confirmed that although they have not yet reached a final decision, the closure or sale of their smartphone division was a possibility.

The manufacturer tried to find a buyer for its smartphone division, but with such a negative track record over the years, they probably ended up getting no one interested in such a risky investment.

Their various efforts over the years simply have not borne fruit, with smartphones like the LG Wing and LG G5 giving way, but failing to win over users.

Follow all the technological news on TecheNet through Facebook, Google News e Twitter. Now, we also have a dedicated channel in the Telegram, where you will be able to receive all the news first hand.

via: Engadget


April, thousand smartphones: all launches expected this month

March was an extremely busy month in the smartphone market, with many devices being introduced. In fact, there were so many events that it was a real challenge to keep up with all the news.

Although there are not so many major events scheduled for this month, everything indicates that in April we will also see the arrival of many smartphones.

Read on here


Other interesting articles:

»Xiaomi Mi 11 Ultra and Mi MIX Fold: download the official wallpapers now!
»Realme Buds Air 2 Neo will revolutionize cheap wireless headsets
»Xiaomi spent a fortune to“ cut corners ”on its logo

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Kalil triggers Supreme to overturn Kassio’s injunction that released masses and services
NEXT Portuguese genetic test analyzes 72 genes to customize a healthy life plan