LG mobiles discontinue their operation globally. The announcement came this morning as a surprise. The company made this decision after a confirmation was received from the board of directors of the company. After discontinuing their smartphone business, LG is now focusing on their electric vehicles, smart homes, robotics, business to business solutions, AI and IoT devices.
The Future of Current LG Smartphones
After it was announced that LG mobiles discontinue their operation, the company announce that they will sell their current inventory. All of their available smartphones will be sold at all of the retailers across the world. The company has also promised to offer hardware and software support to all of their customers who have LG phones.
They have not made an announcement as to how long they will offer support or how it will vary from region to region. It is expected that the LG mobiles discontinue process will end by July 31st, which is just a few months away. However, it is also expected that the inventory of the LG smartphones will still remain available after that time as well.
LG is also promising to continue working on its research and development in the field of communication and communication networks. That means they are going to double their efforts into developing 6G technology and make it a possibility sooner.
According to the statement released today, “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.”
After a year of loss, LG had to make the decision discontinuing their mobile. while LG mobiles discontinue is a shocking news, it was inevitable.