Life is no longer good for the smartphone sector of LG, as they announce leaving the Smartphone business, they made this official on the 5th of April 2021, so we won’t see new LG smartphones in 2021. This has been rumored a few months back and it turns out to be true.
Here is what this means, First, we won’t see phones like the rumored LG V70 ThinQ, LG G10, or LG Velvet 2, as the company is closing its entire mobile business unit. We probably won’t see the LG Rollable the company teased at CES 2021 and confirmed would be released in 2021, either. LG calls the move a “strategic decision to exit the incredibly competitive mobile phone sector.
Secondary, LG says it’ll be free to focus resources on growth areas, citing a whole list of sectors where its brand is better positioned namely: “electric vehicle components, connected devices, smart homes, robotics, artificial intelligence, and business-to-business solutions, as well as platforms and services.”
LG says it’ll “focus its portable skill and create portability related innovations like 6G” similarly as a great many people are getting 5G phones
The total wind-down of the LG mobile phone business is expected to be completed by July 31, although you’ll probably still be able to buy an LG phone after that date.
The good news is that if you own an LG phone or want to buy one –you’ll be covered. Both current LG phone inventory will remain on sale in stores and online, and service support and software updates will continue for existing LG phone customers. There just won’t be any new LG smartphones going forward.
The company made this decision due to the competition in the smartphone industry, which Samsung and Apple are top competitions in the US, the company has tried to beat the competition by producing innovative phones like modular phones (LG G5), flexible displays (LG G Flex 2), leatherbacks (LG G4), gimmicky motion sensors (LG G8), and dual screens (LG G8X) But it didn’t always go in the right direction to connect with customers, so they are calling it a quit