If you were waiting for LG’s much-teased rollable smartphone to launch this year, well… you are in for some bad news. LG’s just announced that it's given up on smartphones and will no longer pursue the smartphone race anymore.
The decision to close its mobile business unit was approved by its board of directors today. And as with every company that shuts doors on a particular project, LG will turn its focus to other areas. “LG’s strategic decision to exit the incredibly competitive mobile phone sector 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.” the company said in a statement.
However, LG fans need not fret, as the brand will continue to sell and support its existing models including its recent flagship, the LG Wing for a “period of time”. This support would also include promised software updates. So, in case you just purchased an LG Wing LG has you covered!
LG in its statement also claims that it will use its mobile expertise (two decades worth) in upcoming technology like 6G. In short, all has not gone to waste. The wind down of its mobile operations is expected to take place by 31st of July.
With Huawei struggling to make its mark in global markets without Google, and LG now shutting shop, Samsung indeed is the last man standing among the international players. But with Xiaomi launching more flagships every year (a list that now includes foldables with the Mi Mix Fold) Samsung and Xiaomi will have to still fight it out for smartphone dominance, at least in markets like India.