Phone business

LG officially closes its global mobile phone business

As widely rumored over the past few weeks, LG today officially announced the closure of its mobile division. Software updates and support for existing smartphone owners will continue for a “period of time”.

Following this “strategic decision” approved by the board of directors earlier today, the company is focusing on electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and solutions. business-to-business.

That said, LG will continue to develop “mobility-related technologies,” with 6G touted in its press release. He also said “employment details will be determined locally.” LG plans to complete the closure of its mobile division by July 31.

Core technologies developed over two decades of LG’s mobile business will also be retained and applied to existing and future products.

Existing inventory will remain “available for sale”, while owners of existing phones will continue to receive support and software updates for an “unspecified period of time which will vary by region”. It’s unclear how the Android 11 rollout will be impacted.

Current inventory of LG phones will continue to be available for sale. LG will provide support and software updates to customers of existing mobile products for a period that varies by region. LG will work with suppliers and business partners throughout the mobile phone business shutdown.

Unsurprisingly, the LG Rollable phone is unlikely to see a release, with the oddly shaped LG Wing being the company’s latest flagship. It tried to push a number of concepts, including curves, modularity with the G5, high-end audio, and dual-screen enclosures. The company excelled at the lower end of the market in some countries, including the United States. Besides phones, the division was responsible for a number of Wear OS devices, from the original G Watch to the Style/Sport and Watch W7 with physical hands.

This departure leaves Samsung at the top of the Android space with a number of smaller players, including Google, competing for the next position.

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