LG, the electronics maker based in South Korea, will soon stop producing new mobile phones worldwide, according to a press release from the company early Monday.
“LG’s strategic decision to leave the incredibly competitive mobile phone industry will allow the company to focus its 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 a statement statement.
The “liquidation” of mobile phone production, as referred to by the company, will take place until July 31, although it is possible that there will be inventory on store shelves later. But buy what LG phones are likely to discount again at your own risk. The company will stop providing software updates at some point in the future. How soon? This part has not been shared yet.
“LG will provide support services and software updates for customers of existing mobile products over a period of time that will vary by region,” the company said. “LG will work in collaboration with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.
LG insists it will continue to have a presence in the mobile data market, as many other products now speak the Internet. And if you’re excited to get 5G but with a higher number, LG will be there.
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“To move forward, LG will continue to leverage its mobile experience and develop mobility-related technologies such as 6G to help strengthen competitiveness in other business areas. The core technologies developed during LG’s two decades of mobile business operations will also be retained and applied to existing and future products, ”the company said.
LG will still offer many other products, including refrigerators, game monitors, i vacuum cleaners, among many other devices.