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Author LG to close mobile phone business worldwide
tranced
LG Nexus 4
Joined: Jan 19, 2006
Posts: > 500
From: Santo Domingo, wonDeRland
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Posted: 2021-04-05 13:39
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SEOUL, April 5, 2021 — 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.

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.

http://lgnewsroom.com/2021/04[....]bile-phone-business-worldwide/
goldenface
Sony Xperia Z3 Compact
Joined: Dec 17, 2003
Posts: > 500
From: Liverpool City Centre
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Posted: 2021-04-05 16:46
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Sad to hear. They've had a good history.
tranced
LG Nexus 4
Joined: Jan 19, 2006
Posts: > 500
From: Santo Domingo, wonDeRland
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Posted: 2021-04-05 19:28
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Hopefully it happens a Nokia/BlackBerry-esque miracle.
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*Jojo*
Nokia Lumia 820
Joined: Oct 15, 2003
Posts: > 500
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Posted: 2021-04-08 23:15
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Such a BAD news to hear as I've been using LG high-end fones for the past 10 years now. But hey, maybe they'll make a . . McArthur (comeback or I shall return)? Like what Nokia and Motorola did. Who knows? Only Heaven does . . .
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