LG, the South Korean electronics manufacturer, will soon stop manufacturing new phones worldwide, according to a press release from the company early Monday.
LG’s strategic decision to leave the incredibly competitive mobile phone sector will enable the company to focus resources on growth areas such as electric vehicle parts, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions , as well as platforms and services, ”the company said in a statement.
The ‘breakdown’ of mobile phone production, as the company refers to it, will take place until 31 July, although it is possible that there will still be stock on store shelves thereafter. But most likely buy LG phones that are discounted at your own risk at the shortest time. The company will stop providing software updates in the future. How soon? The part has not been shared yet.
“LG will provide service support and software updates to customers of existing mobile products for a period that will vary by region,” the company said. “LG will work with suppliers and business partners during the closure of the mobile phone business. Employment details will be determined at local level. ”
LG insists that it will continue to exist in the mobile data market as many other products are now talking to the internet. And if you’m excited about 5G, but with one number higher, LG will be there.
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‘LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to further enhance competitiveness in other business areas. The 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 company said.
LG will offer many other products including cold, game monitors, en vacuum cleaners, among many other devices.