LG bows out of smartphone business. As it has been circulating recently that LG will be announcing that it will end its Mobile division, LG has made the official announcement confirming the rumours.
LG states ‘We are truly grateful for your support of LG mobile products. LG has recently made the difficult decision to close its mobile business to focus on other businesses that will provide new experiences and value for the consumers. Our mobile products will continue to be available while supplies last, which will vary from country to country. We will fully honor our product limited warranties, and will also continue to provide software and security updates as well as replacement parts in accordance with applicable regulations and contractual obligations.
We want to THANK YOU for your loyalty and support of LG Mobile. We hope that you will embrace our other smart technologies, as LG continues to deliver a wide range of innovative products and services that make life better”
All Questions Answered!
Yes, LG made the announcement about closing down its mobile phone sales business. LG said on Monday it will close its loss-making mobile phone business worldwide as the once pioneer brand looks to focus its resources in “growth areas” such as electric vehicle components, connected devices, smart homes, robotics, AI and B2B solutions, and platforms and services
LG Electronics is leaving the smartphone market and plans to complete its exit by July 31. The electronic company is quitting smartphone business after years of losses to focus on other growing businesses the company announced on Monday, a decision that will leave a sizeable gap in the American smartphone market where LG is the third biggest brand after Apple and Samsung.