After months of rumors, LG made it official: it will leave the smartphone market on July 31.
The company will liquidate its existing inventory starting today, although it may take until after July to complete. Software support will continue for current devices, but how long it will take will depend on the region. More details are expected to arrive from tomorrow, but given that you have not set the pace for OTAs despite your efforts, we do not expect much.
LG goes on to state in its statement that it will focus on 6G wireless infrastructure and other areas where it can apply mobility-related technologies, such as electric vehicle components. I have no idea whether to decide to abandon his current projects, such as the mobile phone.
The fate of LG’s smartphone unit is in the air after six years of quarterly losses. A Vietnamese company would have been a candidate to buy the division before negotiations ended.
Other parts of LG’s electronics portfolio, such as TVs and appliances, remain in place.
