LG, the South Korea-based electronics manufacturer, will soon stop producing new mobile phones worldwide, the company reported in a press release early Monday.
LG’s strategic decision to exit the incredibly competitive mobile phone industry allows the company to focus 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 services, ”the company said in one statement
The “winding down” of mobile phone production, as the company calls it, will occur until July 31, although stock may still be on store shelves after that. But buy at your own risk what will likely be newly discounted LG phones. The company will stop providing software updates in the future. How fast? That part has not been fully shared yet.
“LG will provide service support and software updates to customers of existing mobile products for a period that may vary by region,” the company said. LG will work with suppliers and business partners during the closure of the cell phone business. Details regarding employment will be determined at the local level. “
LG emphasizes that it will remain in the mobile data market as many other products now communicate with the internet. And if you’re excited about getting 5G, but numbering higher, LG will be there.
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Going forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to further strengthen competitiveness in other business areas. Core technologies developed during LG’s two decades of mobile business will also be retained and applied to existing and future products, ”the company said.
LG will still offer plenty of other products, including refrigerators gaming monitors, and vacuum cleaners, in addition to lots of other gadgets.