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This is official! LG exits mobile phone business



LG officially announced this morning that it will withdraw from the mobile phone business. The company said it will still seek to unload its mobile phone inventory. It will also provide service support and software updates for its existing equipment, which will continue for a period of time (depending on the region). LG’s board of directors today approved the decision to withdraw from the industry.Six years of losses have reduced LG’s books by approximately $4.5 billion
In a press release issued today, LG stated that “its strategic decision to withdraw from the highly competitive mobile phone industry will allow the company to focus its resources on growth areas, such as electric vehicle parts, connected devices, smart homes, robotics, artificial intelligence and Business field. To enterprise solutions and platforms and services.” LG said that during the entire business closure process, it will work with business partners and suppliers. As far as employees are concerned, decisions will be made at the local level.

LG would rather quit smoking than fight

LG said it will continue to work on mobile technology. “Looking forward, LG will continue to use its mobile expertise to develop mobile-related technologies, such as 6G, to help further enhance its competitiveness in other business areas. LG’s core technologies developed in the two decades of mobile business operations will also Will retain and apply to existing and future products.”
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LG has been involved in the mobile phone industry before the rise of smart phones. The company started with a series of flip phones and released the VX-9800 flip phone in 2005. You are the true owner of this phone, which has an external display and an internal display. When the flip is open, the phone has a QWERTY keyboard. When closed, the device looks like a camera. The following year, it launched a hybrid phone MP3 player called LG Chocolate.

LG announced the first touch-screen phone, LG Prada, in December 2006, one month before the iPhone’s launch. LG Voyager was released in November 2007. You do own this phone, which has a resistive touch screen that is difficult to operate. This is the first WAP phone to replace the WAP browser with HTML, which includes live TV, two screens and a QWERTY keyboard. For Verizon customers who need an iPhone, even if it’s not a smartphone, this is the device they buy. Remember, the iPhone was an AT&T exclusive product at the time.

The LG Optimus series is a series of smartphones produced by LG, which can run Windows Mobile or Android. Over time, the Optimus G series was replaced by the new LG G2, which continues to become LG’s flagship phone through LG G8XThinQ. The latter provides a connectable second screen as an accessory. As LG continues to struggle to surpass its South Korean counterpart manufacturer Samsung, it is trying to find something different to attract consumers’ attention. One example is the LG Wing last year, which comes out of the box with a 6.8-inch display that can be rotated 90 degrees to display a secondary 3.9-inch screen.

The end of LG’s mobile phone business means that the company’s rollable phones will be scraped. The company said in a statement that LG Rollable is no longer part of its product strategy. Just last month, rumors about the device were still spreading. LG’s mobile phone model LM-R910N has been certified to use Bluetooth 5.2. The device is said to have a (7.4) display and a smaller screen on the back. It is said that the roll-out mechanism and the durability of the device have delayed the launch of the phone.

LG is expected to completely shut down its mobile phone business before July 31, but inventory of some mobile phones may still be available after that date. The biggest question is, who will eventually occupy LG’s 10% share of the North American smartphone market. In the African continent, LG is second only to Samsung and Apple, ranking third. Considering that LG users are familiar with Android, we are not surprised to see Samsung seize most of LG’s market share in the region. LG’s global share in the smartphone market is only 2%. Last year Samsung delivered 23 million mobile phones, while Samsung delivered 256 million.

LG tried to sell its smartphone business to Vingroupo in Vietnam, but the two failed to reach an agreement on the terms of the deal.


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