South Korea-based electronics maker LG will soon stop producing new cell phones worldwide, according to a company press release on Monday.
“LG’s strategic decision to leave the incredibly competitive mobile phone industry will allow the company to focus resources on areas of growth, such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as as platforms and services, ”said the company in a demonstration.
The “slowdown” in cell phone production, as the company refers, will happen until July 31, although it is possible that there will still be inventory on store shelves after that. But buy what will likely be the new LG phones at a discount at your own risk. The company will stop providing software updates at some point in the future. How long? This part has not yet been shared.
“LG will provide service support and software updates to customers of existing mobile products for a period of time that varies by region,” said the company. “LG will work collaboratively with suppliers and business partners during the closing of the mobile phone business. Details related to employment will be determined at the local level. “
LG insists that it will continue to have a presence in the mobile data market, as many other products already communicate with the internet. And if you’re excited to get 5G, but with an extra number, LG will be there.
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“Moving forward, LG will continue to leverage its mobile experience and develop technologies related to mobility, such as 6G to help further strengthen competitiveness in other business areas. The essential technologies developed during LG’s two decades of mobile business operations will also be maintained and applied to existing and future products, ”said the company.
LG will also offer many other products, including refrigerators, game monitors, and Vacuum Cleaner, among many other gadgets.