LG exiting Smartphones business

[Mosiah Supreme]

LG is exiting the smartphone business, the company confirmed today. The decision will “enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services,” LG said in a statement.

Existing phones will remain on sale, and LG says it’ll continue to support its products “for a period of time which will vary by region.” The company hasn’t said anything about possible layoffs except that “details related to employment will be determined at the local level.” LG says it expects to have completed the business’ closure by the end of July this year.

The move has been rumored for several months, following the division’s huge losses over the past five years. Once considered a rival to fellow South Korean manufacturer Samsung, LG’s recent high-end smartphones have struggled to compete, while its more affordable handsets have faced stiff competition from Chinese rivals. The company had previously said it hoped to make its smartphone division profitable in 2021.

LG is quitting the smartphone business

 

[Software]

Phones never caught on
their TVs tho are the best

 

[Max.]

Phones never caught on
their TVs tho are the best

I have a LG tv its been good for like 5 years running

 

[KidJSoul]

Life's not Good

 

[Software]

I have a LG tv its been good for like 5 years running

If you ever feel like upgrading look into one of their CX OLED tvs you can probably walk into any best buy and see it on display

Now when I say this shyt is the greatest picture quality you've ever seen I mean it. Deep rich blacks and great replication of light and colors.
your favorite movie will look brand new

 

[xXOGLEGENDXx]

Another example of a company that should have just stuck to their lane. TVs and appliances

Sony needs to follow suit next.

 

[Umoja]

Another example of a company that should have just stuck to their lane. TVs and appliances

Sony needs to follow suit next.

They're a successful company. Not all ventures will pan out but you would at least expect them to dip their toes in growing markets.

Blockbuster took your approach and now look at them.

 

[Carlton Banks]

My LG G8X is the shyt

 

[Vilify]

I thought they been exited the smartphone business.

 

[Johnny Kilroy]

That first LG camera phone back in the day

Couldn't tell me shyt

 

[Mr swag]

I have a LG tv its been good for like 5 years running

My join is over a decade strong

 

[Arrogance.]

WebOS has died its final death as a mobile phone OS then. Gonna pour one out for the homie later. (I'm choosing to ignore Duarte going from architect of WebOS for Palm to Google guy)

 

[ORDER_66]

its been real

 

[Boolean]

It’s a 2 horse race in America

 

[Freedman]

They were holding down the cheap 50-150$ prepaid cell phone lane. I used to buy one as a replacement everytime I broke my real phone but they started getting pushed out the market by Chinese Companies like ZTE