The rumors and leaks ended with what they announced: LG has closed its mobile division and will no longer manufacture smartphones. The company shared a press release around the world announcing that this part of the business was shutting down to focus on other businesses such as electric cars, IoT or B2B businesses. We no longer talk about rumors or leaks: the announcement is official. From this moment we will stop talking about LG News.
There will be no more LG Mobile in a long season
It appears that the mobile division’s attempts to sell have been unsuccessful. The company did not find a good buyer and decided to paralyze and close your mobile division. It was a clear decision after months of losing money in almost every market. A long time ago LG it ceased to be a leading company in the telephone industry.
At that time, its market share outside of its home country was minimal and unsustainable. After the announcement, the company will stop manufacturing mobile devices, even if it will continue to support the terminals sold in recent years. They will update and you can also claim the warranty or repair them.
We don’t know if at some point in the future LG will take over the smartphone market, but what is certain is that you will stop seeing company news from that point on. Don’t expect a top of the line for 2021 or more releases related to this division.
The announcement was made today, but the effective closing date will be July 31, 2021. Until then, the company will allocate the resources to achieve a transparent and clean exit from the mobile phone company. You will also take advantage of these last months to sell the terminals that you still have in stock.
What if I have a recently purchased LG mobile?
If you are a user of a LG mobile the situation changes little for you. The company will continue to offer support, warranty, SAT and software updates as if the mobile division had not been closed. You have to keep in mind that LG is not shutting down, only its mobile-focused division.
This means that the majority of equipment and infrastructure are still present in all markets. You can follow buy LG devices until they run out, you can manage the warranty and also update without any problem.
If you have a LG mobile Don’t worry, as the company will continue to be there in case you need anything. From ProAndroid.com we can only say thank you and goodbye!