One of the leading company LG Electronics gives farewell to its smartphone business. The mobile business of this company has been making loss since second quarter of 2015 and reached loss of 4.5 billion dollar last year. So they have decided to shut it down by July 31.
The decision to shut down LG Mobile came about from poor sales caused by stiff competition from rival Samsung and Chinese budget brands such as Oppo and Xiaomi. LG became the first major smartphone brand to completely withdraw from the market.
LG still given their word that all the services will be provided to the customer. The phones like Velvet, Wing, G- and V- series phones from 2019 or later will get three android updates. Certain 2020 models like LG stylo and K-Series will get two android update.
It was once one of the world’s top smartphone makers, even making the top three back in 2013, according to research firm Strategy Analytics.
The company always been quite brave all the time by bringing innovative ideas as well as inventive smartphones like Lg Wing (Versatile Multi-Screen Form Factor with Swivel Mode), Optimus 3D (dual camera), G flex (with curved display) and many more.
First LG android smartphone GT540 was launched in 2009. And the latest smartphone is W41 pro. See the look comparison of both the phones.
Last year LG won 17 innovation award at the CES 2020. LG G8x Thinq Dual Screen smartphone was one of them.
Although the other business of the company like TVs, AC, Refrigerator etc. are still running on track and doing good aslo. And our Techlaal team hope that LG will start again the phone business one day.