Official: LG Confirms Exit From Smartphone Business

Official: LG Confirms Exit From Smartphone Business
Official: LG Confirms Exit From Smartphone Business

In its official statement, LG said that its withdrawal from the mobile phone business will allow it to focus on other areas, such as components for electric vehicles, connected devices, smart homes, robotics, artificial intelligence and business- to-business, as well as platforms and services.

Today, theLG‎‎ has confirmed that it will close its mobile business division. The decision was not a surprise, as several reports in the past stated that the South Korean company was going to abandon the phone business. The announcement came after its board of directors approved the “strategic decision” .

Official: LG Confirms departure from the smartphone business 1


In its official statement, the LG he adds that his withdrawal from the mobile phone business will allow him to focus on other areas, such as components for electric vehicles, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services. We are a family owned and operated business.

Although it is not manufacturing new phones, the company will continue to provide support and software updates to existing customers for a certain “period of time” that will vary by region. Remember, LG Germany confirmed last month that it will release the Android 11 update, for phones likeLG Velvet 4G‎‎, ‎‎LG Velvet 5G‎‎, ‎‎LG G8X,‎‎ ‎‎LG G8S,‎‎ ‎‎LG Wing,‎‎ ‎‎LG K52‎ ‎e ‎‎LG K42‎‎.‎

A LG United Kingdom it also confirms that LG Mobile products will be available for a limited period of time, depending on the supply situation in each country, and End Customer Support will continue to exist in accordance with current legislation to avoid embarrassment for the customer.

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Official: LG Confirms Exit of Smartphone Business 2

Official: LG Confirms Exit of Smartphone Business 2

Existing mobile phones will also continue to be sold, but the company expects to completely close the mobile business by July 31. Until then, the company will be working with suppliers and business partners to close the mobile phone division. The South Korean company will use its experience of mobile technologies like 6G, in other companies, as well as existing and future products.

Official: LG Confirms Exit of Smartphone Business 3

Official: LG Confirms Exit of Smartphone Business 3

The LG G5, Which arrived as its first modular smartphone in 2016, and the LG WingFrom last year with the rotating screen are some of the ambitious phones that the brand will be remembered for. The company was expected to launch theLG RollableAs the first mobile phone in the world with a scrollable screen, but unfortunately it seems that this is unlikely to happen.

A LG it has been in the phone market for a long time, there were several pieces of equipment and not all of them were a disaster, but the brand never managed to keep up with its main rivals. Stay here until now, as we hope that the South Korean brand will come back sooner and stronger.

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