April 21, 2021

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Shock! This is because LG has permanently shut down the smartphone business

2 min read


Highlights:

  • LG shuts down smartphone business
  • Failure ahead of Samsung and Chinese smartphone company
  • Losses in the smartphone business over the last few days

New Delhi: Smartphone company LG has decided to shut down its smartphone business permanently. The South Korean company said it had to make the decision because of the continuing losses in the mobile segment. We will now focus on something else. In which we are getting a good response. The list includes electric vehicle components, connected devices, smart home products, robotics, artificial intelligence and business-to-business solutions. The company made the decision at a time when the company has already shown a glimpse of its rollable phone at CES 2021.

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LG’s smartphones are already available in the market. These include Wing, Velvet, Q series, W series and K series. Sales of all these models will not be stopped. LG said it will continue to provide software updates to its customers. This means that Indian Velvet customers will not receive a software update. Unless European customers receive this update. The company will work with suppliers and business partners. Until the mobile division can be completely shut down.

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LG said the mobiles business would be completely shut down by July 31. But, the phones that are left now. It will continue to be sold. The company did not say how this would work. But, users have this company’s phone. They don’t have to worry. Because, the company is going to support your phone for some time.

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Following LG’s decision, it was reported that the company had laid off some workers. These employees have been fired at the local level. According to reports, LG may shift these employees to any of the company’s departments. For the last 6 years, the company has been losing smartphones. The company’s CEO had earlier signaled the closure. LG was far behind Samsung and Chinese companies. The LG brand was just a name. Eventually the company decided to close the smartphone business.

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