LG Electronics says goodbye to the mobile phone market. The Korean group wants to “focus more resources on other growth areas such as electric vehicle components, connected devices, smart home, robotics, artificial intelligence and B2B solutions along with platforms and services”, states a statement. The experience in telecommunications will serve the Korean company «to develop technologies related to mobility such as 6G, to help further strengthen its competitiveness in other business areas.
The key technologies developed during the two decades of business activity of the mobile division will be preserved and applied to existing and future products », he assures, but the time of smartphones is over, those currently in the range will be sold out; will provide customer support and software updates for a while but expects the gradual closure of the business to be completed by July 31st. LG “will continue to evaluate the possible sale of certain assets following the closure of its mobile activities.”
Loading…