LG Confirms They Will Be Exiting The Mobile Phone Business
Before this twelvemonth at CES 2021, LG teased that they were working on a phone with a rollable brandish. Information technology was rather exciting, but not also long subsequently that, the company revealed that they were potentially looking for a way to exit the mobile phone concern. At present it looks like it is official as LG has since appear that they will be shutting downwards.
The company says that they will be closing it mobile phone business worldwide and that any remaining inventory volition continue to exist made bachelor for sale. The company besides notes that they will keep to support existing products, so for at present information technology seems that the company won't exist abandoning its customers merely quite yet.
Even so, exactly how much support we are looking at remains to be seen. Will LG proceed to button updates and new features, or is it more than about merely security updates and bug fixes? We suppose that'due south something we'll have to wait and see. It is kind of a pity that LG will be exiting the mobile telephone market, only we tin't say we're surprised.
The visitor has cranked out a few phones that have been noteworthy, but unfortunately the competition in the space is just too strong. Even LG'southward competitor, Samsung, had to cede some market share over the years, so it's not but LG who was affected. It volition be sad to no longer see LG phones in the market, but nosotros suppose that's just the nature of things.
Filed in . Read more than well-nigh LG.
Source: https://www.ubergizmo.com/2021/04/lg-exit-mobile-phone-business/
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