Monday, April 5th 2021
LG to Close Mobile Phone Business Worldwide
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.
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.
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.
50 Comments on LG to Close Mobile Phone Business Worldwide
It seems so simple, yet nobody has bothered trying it.
Midrange chipsests in androids absolutely blow by the way. After Nexus 5 I switched to Sony X Compact because I like small phones. It had a 600-series snapdragon and 3 gigs of ram. By the end of year 2 I was getting driven insane by how laggy and slow everything felt, especially compared to my iPad and to a lesser degree compared to flagship chipset androids of the same year from literally any vendor that my friends had.
Now I have an iphone 12 mini because nobody in Android world makes small phones anymore.
Then they went and ruined it with the 7.The 8 was one, but not the other 8 series models unfortunately, at least imho, as they trimmed too many features.
Will probably still grab a cheap V60 from eBay at some point. I like great sound in my phones, and hardly anything can touch the V-series in that regard.
The near perfect pixel response time is arguably more helpful imo, but your point is valid.
Edit: interestingly, lg oled 9series tvs can do 6ms input lag, but only in gsync mode according to rtings.
I was in the same boat in 2012 when Nokia closed their Symbian phone business.
At the location where I was working 700 high skilled hardware and software engineers lost their jobs at that day when the announcement was made. :(
Lucky for us was that many new companies came and took larger part of highly skilled work force and many of us did not need to relocate to other parts of country. :)