04-05-2021 , 10:45 PM
https://www.techradar.com/news/lg-has-of...whats-next LG has officially quit making phones – here's what's next
By Matt Swider 19 hours ago
The focus will be 6G, EVs, IoT and B2B Solutions, according to LG LG has official quit making phones today, according to an official press release, so we won't see new LG smartphones in 2021. This announcement isn't going to surprise anyone in the mobile space, as the move has been rumored for several weeks.
This means two things. First, we won't see phones like the rumored LG V70 ThinQ, LG G10 or LG Velvet 2, as the company is closing its entire mobile business unit. We probably won't see the LG Rollable the company teased at CES 2021 and confirmed would be released in 2021, either. LG calls the move a "strategic decision to exit the incredibly competitive mobile phone sector."
Second, LG says this means it'll be free to focus resources on growth areas, citing a whole list of sectors where its brand is better positioned: "electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services."
In the statement, LG reveals it'll "leverage its mobile expertise and develop mobility-related technologies such as 6G" just as most people are getting 5G phones.
By Matt Swider 19 hours ago
The focus will be 6G, EVs, IoT and B2B Solutions, according to LG LG has official quit making phones today, according to an official press release, so we won't see new LG smartphones in 2021. This announcement isn't going to surprise anyone in the mobile space, as the move has been rumored for several weeks.
This means two things. First, we won't see phones like the rumored LG V70 ThinQ, LG G10 or LG Velvet 2, as the company is closing its entire mobile business unit. We probably won't see the LG Rollable the company teased at CES 2021 and confirmed would be released in 2021, either. LG calls the move a "strategic decision to exit the incredibly competitive mobile phone sector."
Second, LG says this means it'll be free to focus resources on growth areas, citing a whole list of sectors where its brand is better positioned: "electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services."
In the statement, LG reveals it'll "leverage its mobile expertise and develop mobility-related technologies such as 6G" just as most people are getting 5G phones.