LG made the official announcement in Seoul earlier today that they are indeed closing the mobile unit of LG, in a decision approved by the board of directors. The wind down is expected to be completed by July 31.
The rumors of LG closing down its mobile unit has been circulating since 2020, so this is not a total surprise. But given that LG still has known mobile products that have been in development for a long time, such as the LG Rollable, the Stylo 7, and so on, we have had our fingers crossed for LG’s continued mobile operations.
In the statement today, LG said that they want to focus instead on “Electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.”
Current LG users can still expect some level of support in the months ahead, as LG stated that they “will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.”
LG’s G, V, K, and Stylo series are all likely to go on sale in the days ahead now, but whether this would be a good time to get a smartphone on a discount, depends on your need for updates and support for the phone in the future.
The forward support will vary from country to country, so I suggest users look up the information for their respective region, as LG says that they will continue to provide even Android updates for some regions.
– Tom Bowen