It is official – LG has called it quits on its mobile phone division, shutting it down for good!
Find out what happened, and what this means to us – the consumers!
LG Mobile Shuts Down : Another Brand Bites The Dust!
On 5 March 2021, LG announced that its board of directors approved the decision to shut down its mobile business unit.
This came after rumours that LG was looking into “various options such as a sale, split sales or pulling out of the smartphone business“.
Even though LG had a strong following in the United States, in third place with 13% market share, that was not enough to turn a profit.
LG Mobile has consistently lost mobile hand over fist, even after trying all sorts of way to get consumer mindshare through devices like LG Wing, which featured a secondary display that swivelled out behind the main display.
If you can’t remember any notable LG mobile devices you have actually seen and tried out, you are not alone. This is why LG Mobile is no more.
After closing down LG Mobile, their focus will be in growth areas such as :
- electric vehicle components,
- connected devices,
- smart homes,
- artificial intelligence
- business-to-business solutions
- platforms and services
LG Mobile Shut Down : Effect On Consumers?
LG said that they will continue to sell their current inventory, but expect to complete the process of shutting down their business by 31 July 2021.
Even so, they assure customers that they will continue to provide service support and software updates of existing LG smartphones for “a period of time which will vary by region“.
So if you really love LG smartphones, you still have time and opportunity to grab one.
You may have to live with the fact that you will likely lose support and software updates after a year or so.
The loss of another brand will undoubtedly mean fewer choices, but is that really a bad thing?
Frankly speaking, there are way too many smartphone releases every year, and it’s getting really hard to differentiate them, never mind justify a yearly upgrade.
So, no one will really miss LG Mobile’s demise. And who knows? It could end up being resurrected like Nokia and Motorola!
LG Mobile Shut Down : Official Statement
Here is the official statement that LG issued on 5 March 2021 :
- Realme Caught Using iPhone To Demo narzo 30A Gaming?
- Samsung Galaxy A52 Unboxing + Hands-On Preview!
- Get 50% Off PDRM Fines Using MyBayar Saman!
- How To Register For COVID-19 Vaccination On MySejahtera!
- Samsung Galaxy A72 : What You Need To Know!
- Samsung Galaxy A52 : What You Need To Know!
- Realme On AnTuTu Cheating : A Bug? No Guidelines?
- Realme GT Faces Ban After Cheating In AnTuTu Benchmark!
- MySejahtera : RM10K ~ RM50K Fine Can Be Appealed!
- Xiaomi Redmi 9T Review : Long-Life 48MP Smartphone!
- Samsung Galaxy S21 Ultra Camera In Professional Hands?
- How To Check If MySejahtera Vaccine Registration Successful!
- Xiaomi Mi 11 : What You Need To Know!
- Samsung Galaxy S21 Ultra : Dual Zoom + Audio Zoom Review
- Samsung Galaxy SmartTag : Hands-On Preview!
- Telegram : How To Move Chat History From Other Apps
- Keep Your iPhone + MagSafe Away From Medical Devices!