LG to Shut Down Smartphone Business

After five grueling years of financial losses and uncertainty about the future of its mobile handsets, LG Electronics today announced its intention to shut down its smartphone division.

lg wing
In a press release, LG says the decision to shut down its smartphone business will allow it to focus on other sectors such as artificial intelligence, home computing, and business-to-business solutions.

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.

Despite its hardships, LG had multiple hits in the "incredibly competitive" market, including teasing the world's first rollable smartphone. For its devices still in the hands of customers around the world, LG says it will continue to provide user support and will sell its phones until the current stock runs out.

Current LG phone inventory will continue to be available for sale. LG 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.

In March, LG was considering exiting the smartphone industry, although, at the time, rumors suggested the company was aiming to sell the business instead of a complete shutdown. However, the lack of significant growth and mainstream adoption in recent years meant it was unable to find a potential buyer.

Despite the shutdown, LG says it will retain some of the core advancements that its smartphone business has made over the years, including research and development in 6G and connectivity to be applied to existing and future products.

Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG’s mobile business operations will also be retained and applied to existing and future products.

While the shutdown was announced today, LG says it expects its mobile division to completely cease by July 31.

Tag: LG

Top Rated Comments

rp2011 Avatar
18 months ago
Too many Android device makers in the market to be sustainable. It’s the lasting effect of commodity handsets that first took out Blackberry, Palm and Nokia. Now it’s cannibalism.
Expect to see the number of Android handset makers whittle down to just one or two Chinese companies.
Score: 15 Votes (Like | Disagree)
TheYayAreaLiving ? Avatar
18 months ago
A sad ending to this.

Goodbye LG.

RIP! You will be missed :(
Score: 14 Votes (Like | Disagree)
Vol Braakzakje Avatar
18 months ago
Oh Gawd, 6G already? I hope it’s still many, many years away.
Score: 11 Votes (Like | Disagree)
44267547 Avatar
18 months ago
LG didn’t make a ‘bad phone’, that wasn’t there pitfall. They failed at marketing, and became lesser over the years when the iPhone became very dominant around the 2013 timeframe. It just goes to show you how stiff this competition is, but even Samsung is on the decline with smart phone sales, and really Apple has dominated the market Year-after-year.
Score: 11 Votes (Like | Disagree)
ScottishDuck Avatar
18 months ago
I think if they’d utilised webOS in their phones they could have carved out a good niche for themselves
Score: 10 Votes (Like | Disagree)
Abazigal Avatar
18 months ago

Sad thing is even if you have a great phone it doesn't guarantee success. The marketing budgets required to lift these things into the publics consciousness are ginormous. It seems like eventually it'll just be Apple, Samsung, Xiami, Huawei and Oppo in the space with 99.9% market share shared amongst them.
Apple has changed the rules of the game. It’s not enough to just have a good phone. You need the whole ecosystem to provide a cohesive experience for the end user.
Score: 9 Votes (Like | Disagree)

Related Stories

maxresdefault

Hands-On With LG's 32-Inch UltraFine OLED Pro Display

Wednesday January 12, 2022 1:12 pm PST by
LG in December announced the launch of its new 2022 32-inch UltraFine OLED Pro display, and in our latest YouTube video, we went hands-on with it to see how it compares to Apple's Pro Display XDR and whether it might be worth picking up depending on the price point. Subscribe to the MacRumors YouTube channel for more videos. Officially named the "32BP95E," the display features a resolution of ...
OLED iPad Pro Feature

LG Preparing to Supply OLED Panels for iPad by 2024

Monday January 17, 2022 9:04 am PST by
LG Display is preparing to supply Apple with OLED display panels destined for upcoming iPad models, ETNews reports. LG's preparations to supply Apple with OLED displays for the iPad reportedly include the expansion of its plant in Paju, South Korea. The increased production capacity is said to take account of next-generation iPhone and iPad models. The introduction of OLED panels to the...
apple tv plus app lg tvs 2016 2017

Scaled Down 'Apple TV+' App Now Available on 2016 and 2017 LG Smart TVs

Thursday October 7, 2021 3:10 am PDT by
Apple has started making a scaled down "Apple TV+" app available on select 2016 and 2017 LG smart TVs. The app is appearing on LG's content store in several regions including Germany, Poland, and the Nordic countries, and its existence is confirmed in an LG support document. Image credit: Bartłomiej Wiśniowski First spotted by FlatpanelsHD, the app interface looks very similar to the standard ...
iPhone 14 Mock Feature Pruple 2

iPhone 14 Pro and Pro Max Hole-Punch Displays to Be Supplied By LG and Samsung

Thursday December 23, 2021 2:58 am PST by
Next year's iPhone 14 Pro and iPhone 14 Pro Max will feature hole-punched LTPO OLED display panels supplied by Samsung and LG, according to Korean site The Elec. Rumors that the 2022 iPhone models won't have a notch started in March of this year, when Apple analyst Ming-Chi Kuo said they will instead adopt a hole-punch design, a design that Android devices have used for a few years now. The...
OLED iPad Pro Feature

LG Preparing Production Lines for iPad OLED Display Panels

Tuesday February 8, 2022 5:41 am PST by
iPad models with OLED displays appear to be ebbing closer to production, as LG Display is preparing equipment at its facilities to make OLED panels specifically for future iPads, The Elec reports. The company is purportedly making significant adjustments to its production lines to be able to supply Apple with OLED display panels for future iPad models. According to the report, this is...
LG UltraFine Display

Apple Stops Selling 27-Inch LG UltraFine 5K Display

Friday March 11, 2022 11:43 pm PST by
Apple has removed the 27-inch LG UltraFine 5K display that was previously a Mac user's go-to option for external monitors from its online store following the launch of the Studio Display. LG and Apple had worked on the display together, promising tight integration with macOS. The UltraFine 5K display featured a 5K display, P3 wide color with 500 nits of brightness, and one Thunderbolt 3 port ...
lg apple tv plus trial

LG to Offer Free Three-Month Apple TV+ Trial on 2016 and Newer Smart TVs

Monday November 1, 2021 7:55 pm PDT by
LG today announced that owners of 2016 to 2021 model 4K or 8K LG Smart TVs will be eligible for a free three-month Apple TV+ trial starting November 15 in the United States and over 80 other countries and regions where Apple TV+ is available. The trial will be available through the LG Content Store and must be redeemed by February 20, 2022. The offer is limited to first-time Apple TV+...
oppo x rollable

Samsung Rumored to Launch First 'Rollable' Foldable Phone Later This Year

Thursday March 24, 2022 5:54 am PDT by
Samsung will add a third foldable device to its smartphone lineup this year that will likely feature a unique rollable form factor, according to a reliable leaker of Samsung's plans. Oppo X 2021 rollable phone concept The existing Galaxy Z Flip 3 and Galaxy Z Fold 3 have been relatively successful additions to Samsung's smartphone family, and the company reportedly plans to ship over 10...

Popular Stories

iPhone 14 Dummies 1 Feature

Everything Rumored for Apple's September Event: iPhone 14, Apple Watch Pro and More

Friday August 12, 2022 2:34 pm PDT by
There's just about a month to go until Apple holds its annual September event focusing on new iPhone and Apple Watch models. We thought we'd take a quick look at everything that's rumored for Apple's September event to give MacRumors readers a rundown on what to expect when the first fall event rolls around. iPhone 14 The iPhone 14 can probably be described more as an "iPhone 13S" because...
z fold 4 1

Hands-On With Samsung's Latest Foldable Smartphones, the Galaxy Z Fold and Z Flip

Friday August 12, 2022 12:46 pm PDT by
Samsung this week launched its fourth-generation foldable devices, the $1,000 Galaxy Z Flip and the $1,800 Galaxy Z Fold. Though there's no sign of a comparable Apple foldable device on the horizon, rumors suggest prototypes are in the works, so we thought we'd take a look at Samsung's newest smartphones to see what Apple needs to measure up to when a foldable iPhone does come out. Subscribe ...
iPhone 14 Pro Purple Rear Flat MacRumors Exclusive

iPhone 14 Pro: Analyst Believes Storage Will Continue to Start at 128GB Despite Rumored Price Increase

Friday August 12, 2022 7:04 am PDT by
It wouldn't be the month before an iPhone launch without a few back-and-forth rumors, with the latest debate concerning iPhone 14 Pro storage. iPhone 14 Pro render by Ian Zelbo While research firm TrendForce forecasted that iPhone 14 Pro models could start with an increased 256GB of storage, Haitong International analyst Jeff Pu today forecasted that the upcoming Pro models will continue to...
iPhone 14 Pro Purple Front and Back MacRumors Exclusive feature

iPhone 14 Is Just a Few Weeks Away: Three Tips to Prepare for the New iPhone

Wednesday August 10, 2022 4:08 am PDT by
The launch of the new iPhone 14 is just a few weeks away, meaning millions of iPhone customers will soon upgrade their existing iPhone or perhaps get an iPhone for the first time. Exclusive MacRumors iPhone 14 Pro renders by graphic designer Ian Zelbo Whether upgrading from an older model or this is your first iPhone, we've rounded up a few tips to help you prepare for the next flagship...
iPhone 14 Pro Lineup Feature Silver

Kuo: Apple to Increase Prices of iPhone 14 Pro Models

Wednesday August 10, 2022 8:22 am PDT by
Apple plans to increase the prices of iPhone 14 Pro models compared to iPhone 13 Pro models, according to analyst Ming-Chi Kuo. Kuo did not reveal exact pricing for the iPhone 14 Pro models. However, in a tweet today, he estimated that the average selling price of the iPhone 14 lineup as a whole will increase by about 15% compared to the iPhone 13 lineup. In the United States, the iPhone...
top stories 13aug2022

Top Stories: New Battery Percentage Icon in iOS 16, USB-C AirPods Rumor, and More

Saturday August 13, 2022 6:00 am PDT by
This week brought some shocking news for iOS 16 beta testers, with Apple bringing back the iPhone battery percentage to the status bar after a number of years. Other news and rumors this week included word that Apple has started recording portions of its media event planned for next month to introduce the iPhone 14 and Apple Watch Series 8, claims about iPhone 14 Pro pricing and Apple's...