LG is closing up store on its cell phone enterprise, the corporate introduced Sunday.
The choice “will allow the corporate to focus sources in development areas comparable to electrical automobile elements, related units, sensible properties, robotics, synthetic intelligence and business-to-business options, in addition to platforms and companies,” LG mentioned in an official statement.
The information would not come as a lot of a shock — last week, The Korea Times reported the affirmation can be introduced on April 5. The outlet’s sources declare the selection was made after the corporate did not promote its cell division.
The corporate did no less than try and innovate with its smartphone lineup this previous 12 months, particularly with its Explorer Project. This was LG’s bid to throw uncommon smartphone ideas on the wall to see what would stick.
Solely two telephones got here out of that mission: the minimalist LG Velvet and the dual-screen LG Wing. At this 12 months’s CES, the corporate additionally teased a rollable Android telephone — which is what it appears like, a telephone with a show that actually rolls up. However a report later claimed the mission was placed on maintain. Now we will see extra clearly why that was.
Simply because it will not be producing handsets doesn’t suggest LG is totally stepping out of the smartphone world, nevertheless. The corporate mentioned it is going to use its cell experience to assist develop 6G wi-fi communications, amongst different smartphone-related applied sciences.
Regardless, it is not too late to snag an LG telephone; the corporate mentioned that its present lineup will nonetheless be accessible on the market. In the meantime, prospects who already personal an LG system will proceed to obtain assist and software program updates for a “time period which is able to range by area.”
Its smartphone enterprise will not formally shut down till July 31 – and, in accordance with LG, there could also be stock of a few of its present units even after that.