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LG Announces Shutting Down Smartphone Division

by tenderpuls

LG, which released a press release on its official website, announced that it withdrew from the smartphone industry. According to the statements made, LG will continue to sell its current smartphones in the market, service and software updates.

South Korean tech giant LGIt has been spoken for a while that it could sell its smartphone division or shut it down completely. Even in question the news; the CEO of LG himself “It’s time for LG to make a cold decision and make the best choice. Company; sale of the smartphone division, market withdrawal and evaluates all possible solutions including downsizing ” also with the expressions was verified.

The expected development for some time has become official today. LG, with a press release published on its official website that you withdrew from the smartphone industry officially declared. “LG Will Shut Down All Phone Business Worldwide” In the article titled, LG said that the company was moving away from phone production and sales. smart tools, internet of things and B2B solutions He stated that it will pave the way for growth in different sectors, including.

LG will continue to provide services and updates for its current smartphones

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Stating that the decision was approved by the board of directors, LG said that with the decision to withdraw from the incredibly competitive mobile phone industry, the company could divert its resources to different platforms and services. They will continue to sell their current smartphones expressing company, Although it varies by region of these devices service and software updates He also stated that he will continue.

To increase the competitiveness in other business areas in the press release and 6G Stating that it will continue to benefit from mobile expertise to continue developing mobility technologies such as, LG said that the technologies developed by mobile business operations for 20 years will continue to be applied to existing and future products. LG says that the smartphone unit is fully shut down. Until 31 July He also expressed that it is expected to continue.

Source :
http://www.lgnewsroom.com/2021/04/lg-to-close-mobile-phone-business-worldwide/

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