After reports of LG looking to shut down its smartphone business earlier this year, the company has confirmed the news today. So yes, Lucky-Goldstar (LG) will be exiting the smartphone market in the coming weeks. It will stop selling and developing new mobile devices, including its rollable smartphone, following the shutdown.
The South Korean electronics giant confirmed the news via an official blog post. LG CEO Brian Kwon previously stated that the company “needs to make the best decision about [its] mobile phone business” citing the fierce competition in the smartphone industry.
Moreover, as per a report by XDA Developers, the company further elaborated the software update plans for mobile devices on its Korean website. The company will continue to deliver the Android 11 OS update for supported devices following the shutdown. In addition, it is also planning to roll out the Android 12 update for some of its devices. However, the rollout plans may vary based on Google’s distribution schedule and the performance of the devices during internal tests.
