LG to quit smartphone business
Team Udayavani, Apr 5, 2021, 1:27 PM IST
LG on April 5 announced that it is quitting the smartphone business and in its statement, the company said that the decision to shut its loss-making mobile division will enable it to focus “resources in growth areas.”
The growth areas include electric vehicle components, connected devices, smart home products, robotics, artificial intelligence, and business-to-business solutions among other products and services.
The existing LG phones such as Wing, Velvet, Q-series, W-series, and K-series will continue to sell until the inventory exists and LG said that it will provide service support and software updates for customers of its existing mobile phones for a period that will vary by the customers’ location, which means that the LG phone in India may not get a software update at the same time as European customers would receive it.
LG informed that it will wind down the entire mobile phone business by July 31 but the inventory of some of the phones may still continue to be available after that. LG will be providing support and service to these phones and that wouldn’t be a closure so people who are using LG’s phones do not have to worry so much right now.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Shivamogga: Fire breaks out in house after LPG cylinder blast; major tragedy averted
Committed to making US-India partnership among closest on earth: Prez Biden tells PM Modi in Japan
Karnataka MLC polls: BJP releases candidates list; Vijayendra out
Related Articles More
Research finds jellyfish stinging cells reveal biodiversity secrets
EXPLAINER: What are the key climate themes at Davos?
Citizens can now access Digilocker services on MyGov Helpdesk through WhatsApp
Whether you followed lockdown rules may have been influenced by your genetics – new research
AstroSat witnesses black hole birth for 500th time Astrosat witnesses black hole birth for 500th time
Sri Lanka picks Lazard Clifford Chance as advisers for debt restructuring
PM Modi holds ‘fruitful’ discussions with Australian counterpart Anthony Albanese in Japan
Triumph launches all-new Tiger 1200 adventure motorcycle in four variants
Bhatkal: Decaying body of unidentified woman found; Murder suspected
Vismaya case: Kerala sentences husband to 10 yrs in jail for dowry death