Information has appeared on the Internet more than once that LG is going to exit the mobile business. Now
What is known
According to the source, KoreanThe manufacturer is preparing a statement about the closure of its mobile division. The press release is due to be published on April 5. That is, on Monday. After that, the company plans to focus on other products. Mobile division workers will be transferred to factories producing household appliances. As for software updates, they will most likely stop arriving on devices, just like security patches.
Let's remember that LG has been negotiating for some time aboutselling businesses with Vietnamese conglomerate VinGroup and even German automaker Volkswagen, but they failed. The company's mobile business has been in the red for about 6 years. The manufacturer tried to change this by releasing smartphones with new designs and unusual form factors, but they never brought success. One of the company’s latest projects was the LG Wing with a T-shaped rotating body and two screens, as well as a “stretchable” Rollable smartphone.
Source: The Korea Times
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