South Korean company LG officially announced the termination of the production of smartphones. This is on Monday, April 5, reported on the site of the largest manufacturer of consumer electronics and household appliances.
The corresponding decision was made on the Board of Directors. “LG output from an extremely competitive mobile phone sector will allow the company to focus resources in such areas of growth as components of electric vehicles, plug-in devices, smart home, robotics, artificial intelligence and business solutions, as well as platforms and services,” – said in a statement.
The released LG phones will still be available for sale. The company will continue to provide service support and software updates for customers of existing mobile products for a certain period of time, which depends on the region. LG promised to cooperate with suppliers and business partners throughout the entire period of closing business of mobile phones.
Informal information about the refusal of LG release smartphones was published on April 1. Employees operating at work will retain their places in the company and will be transferred to the factory for the production of household appliances in the city of Chhanvon.
The first reports that the Korean Corporation will stop producing phones and other similar techniques, appeared at the end of February. Then it became known that LG could not find the buyer for his units for the production of smartphones and intends to get away from business.