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LG to Close Mobile Phone Business Worldwide

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rjohnson11
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2021/04/05 01:38:54 (permalink)
LG to Close Mobile Phone Business Worldwide | TechPowerUp
 
LG Electronics Inc. (LG) announced that it is closing its mobile business unit. The decision was approved by its board of directors 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.

Current LG phone inventory will continue to be available for sale. 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.
 
I had a feeling this would happen. LG's mobile sales haven't been anywhere near as high as where the company wished it to be. 

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#1

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    Hoggle
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    Re: LG to Close Mobile Phone Business Worldwide 2021/04/05 04:52:40 (permalink)
    I agree that the LG phones haven't done as well as Samsung phones. Probably it's better for them to focus on the screens that they make as LG is pretty impressive in that department.

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    bobmitch
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    Re: LG to Close Mobile Phone Business Worldwide 2021/04/05 05:52:16 (permalink)
    My last three phones have been LG, by choice...and I have always liked the features and abilities of the phones.  Sad to hear...always thought Samsung phones were somewhat hyped...

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    kougar
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    Re: LG to Close Mobile Phone Business Worldwide 2021/04/05 17:48:05 (permalink)
    bobmitch
    ...always thought Samsung phones were somewhat hyped...




    I think almost everyone thinks that...


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    undecided65
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    Re: LG to Close Mobile Phone Business Worldwide 2021/04/06 13:16:23 (permalink)
    Oh what? Just bought one  over the holidays and it has a 3 year warranty. What happens if it breaks?
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