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It’s Official: LG ends its smartphone division

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This Monday starts with a sad news for the technological market. The manufacturer LG terminates its entire division of smartphones.

It was so and through an official statement issued yesterday that LG informs that it is leaving the business section dedicated to mobile phones. The company stated that it will nevertheless still pay attention to the large amount of equipment in stock, and that it makes perfect sense to sell as many units as possible. It will also continue to provide technical support for devices and release software for existing equipment.

Of course, all of this support will only work in some regions and will also be available only for a certain period of time. The decision-making was approved yesterday by the entire LG management. After 6 years of financial losses with an approximate cost of 4.5 million, it would be something that sooner or later would come up.

Its Official LG ends its smartphone division

In the press release yesterday, LG indicates that it was a strategic decision to exit the smartphones which is increasingly competitive and difficult. The focus will then shift to other business areas of the company such as components for electric vehicles, smart homes, robotics and artificial intelligence as well as platforms and services.

For affected employees, decisions will be made locally and not globally. LG will also continue to work in partnership with its business colleagues and suppliers.

The manufacturer will continue to work on mobile technologies: 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. ”.

It should be remembered that it is in fact a weight loss for the mobile phone market since LG was already in the mobile phone market even before the first one appeared. smartphone. It was with the introduction of the first line of folding equipment launched in 2005 that the company entered this market with the LG VX-9800.

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