LG mobile business officially shuttered
It is finally official. LG has announced that they are closing down their mobile business, which was a huge loss making division of the South Korean tech giant. While they had previously tried to sell it off, the bid was evidently unsuccessful.
LG has stopped all production of new smartphones but all available stocks will still be offered on a while stocks last basis. A major concern would probably software updates and after sales services, but LG has committed to honoring warranties and also pushing out the Android 11 and upcoming Android 12 updates to “selected models.”
You can refer below for the full announcement message regarding LG’s mobile business:
LG has recently made the difficult decision to close its mobile business to focus on other businesses that will provide new experiences and value for the consumers.
Our mobile products will continue to be available while supplies last, which will vary from country to country.
We will fully honor our product limited warranties, and will also continue to provide software and security updates as well as replacement parts in accordance with applicable regulations and contractual obligations.
We want to THANK YOU for your loyalty and support of LG Mobile. We hope that you will embrace our other smart technologies, as LG continues to deliver a wide range of innovative products and services that make life better.
LG also posted a FAQ along with the announcement, so you can head on over there if you are interested.