LG to Shut Down Smartphone Business By July 31

LG to Shut Down Smartphone Business By July 31

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LG has announced that it will shut down its mobile business unit by July 31. The decision was approved by the company's board earlier today.

LG’s strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.

LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.

Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.

The wind down of the mobile phone business is expected to be completed by July 31 although inventory of some existing models may still be available after that.

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LG to Shut Down Smartphone Business By July 31
aw13 - April 6, 2021 at 3:36pm
Perhaps if their phones didn’t crap the bed just past the one year warranty period more people would buy them.
McApple1 - April 6, 2021 at 5:38am
For someone who has always stuck around with iOS, I feel kind of bad for them as if they deserved better.