According to news released by LG Electronics on Monday, the South Korean electronics manufacturer LG will soon stop producing new mobile phones worldwide.
“LG’s strategic decision to withdraw from the highly competitive mobile phone industry will enable the company to focus its resources on growth areas, such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions as well as platforms and Service”
As the company claims, the “discontinuation” of mobile phone production will continue until July 31, although it may still be stocked on store shelves afterwards. However, buying LG phones that may be discounted at the new price is at your own risk. The company will stop providing software updates at some point in the future. how long? This part has not been shared yet.
The company said: “LG will provide service support and software updates for customers of existing mobile products within a period of time, and the specific time varies by region.” LG will cooperate with suppliers and business partners during the end of the entire mobile phone business. . Details related to employment will be decided at the local level. “
LG insists that it will continue to have a place in the mobile data market because there are now many other products that can communicate with the Internet. And, if you are excited about getting 5G, but the price is higher, LG will be there.
Looking ahead, LG will continue to use its mobile expertise to develop mobility-related technologies, such as 6G, to help further enhance its competitiveness in other business areas. LG’s core technologies developed in the twenty years of mobile business operations will also be retained and applied to existing and future products. “
LG will still provide many other products, including refrigerator, Gaming monitor, with vacuum cleaner, And many other gadgets.