Stepping Away from Phone Manufacturing and Sales Enables Company
to Focus on Growth Sectors Including EVs, IoT and B2B Solutions
SEOUL, April 5, 2021 — 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.
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.
Bleekal on April 5th, 2021 at 03:10 UTC »
They updated my LG G7 one like, a few days ago to android 11 as a last hurrah to me I guess?
fugor1103 on April 5th, 2021 at 03:01 UTC »
Still using g6. And before that used g2. i got lucky with my lg phones. LG was so innovative. Sad to see.
FragmentedChicken on April 5th, 2021 at 02:36 UTC »
This is definitely a huge blow in terms of competition. The best thing about Android is that we have so many options to choose from. Say what you want about LG, they definitely made an impact in the Android space
The G3 was one of the first phones to have a 1440P display
The Flex series introduced flexible displays
The G5 introduced the wide angle camera, and modular phone accessories
The V10 introduced additional displays
The V20 was the last flagship to carry a removable battery. I think around this time they also started pushing content creation features with manual mode for videos and photos
I think they also popularized Mil Spec 810G certification in addition to water and dust resistance
LG never removed the headphone jack
Then there's the recent things like the boombox speakers, HiFi DAC, dual screen accessory, LG Wing, and the now cancelled rollable
Feel free to reply and add stuff to the list!
You could always find their phones heavily discounted a few months after release too
RIP LG