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It’s official: LG is shutting down its mobile division worldwide

BusinessIt's official: LG is shutting down its mobile division worldwide

The technology sector is one of the largest in the world, and one of the most competitive. This is especially important in mobile telephony, where Android has allowed the entry of a huge number of players worldwide.

In these years we have seen how we have gone from using mostly brands such as Nokia, LG or Sony to others that did not exist twenty years ago, such as Xiaomi. The paradigm shift has been claiming victims and today we have to add one more, LG.

For a few weeks now there have been rumors about the possibility of LG leaving the cell phone sector, either by closing its division or selling it to another company.

Apparently the latter was not feasible and finally today the South Korean corporation has officially announced that it is abandoning its attempt to fight for a place in this highly competitive market.

The reason for this move is clear, to allow the company to focus its resources on being able to fight in more profitable segments, such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and services.

As required by law, all buyers of LG cell phones will have their warranty service available for the period that is legal in their country. In addition, LG will dispose of its inventory so we could see some aggressive offers in the coming months.

July 31, 2021 will be the final official date of the closing of operations, although it is possible that even past that time we will see certain terminals on sale, until the stock runs out.

This decision cancels the launch of the last prototype presented by LG, a rollable cell phone similar to the one we had seen in OPPO and whose cancellation was already rumored.

It is not known if LG will sell patents or license some technologies to other companies, but it seems that, if so, it will not be something particularly important.


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