As much rumor has it in recent weeks, LG today officially announced that the mobile division will be closed down. Software updates and support for existing smartphone owners will continue for a “period.”
Following this “strategic decision” approved by the board earlier today, the company is focusing on electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions.
That said, LG will continue to develop “mobility-related technologies”, with 6G touted in its press release. It also said that “details related to employment will be determined at the local level.”
Core technologies developed over the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.
Existing inventory will remain “available for sale”, while existing phone owners will continue to receive support and software updates for an unspecified “period that will vary by region.” It is not clear how the Android 11 rollout will be affected.
The current LG phone inventory will still be available for sale. LG will provide service support and software updates for customers of existing mobile products for a period that will vary by region. LG will work with suppliers and business partners throughout the closure of the mobile phone business.
It’s not surprising that the LG Rollable phone probably does not see a release, with the odd – shaped LG Wing as the company’s latest major flagship. It tried to push a number of concepts, including curves, modularity with the G5, high-end sound and dual-screen cases. The company excelled at the low end of the market in some countries, including the United States. In addition to telephones, the division was responsible for a number of Wear OS devices from the original G Watch to Style / Sport and Watch W7 with physical hands.
This departure leaves Samsung at the top of the Android space with a number of smaller players, including Google, competing for the next position.
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