LG Shut Down: LG Mobile will now remain in the pages of the past. For some time, the news was coming that LG will shut down its mobile phone venture worldwide. At the same time, now the company has stamped this thing. LG announced on Monday that the company is shutting down its mobile business unit.
LG Shut Down its Services
The company’s statement regarding the matter has come out that the mobile phone business unit’s closure will allow the company to focus on electric vehicle components, artificial intelligence, connected devices, and business-to-business solutions.
Chinese phones broke LG’s back?
Along with India, there is talk of Chinese mobile phone companies worldwide at this time. On the one hand, it is believed that due to Chinese phones, the company is suffering losses for many years. However, LG products have been launched in the market with relatively new technology. But in the face of cheap Chinese mobile companies’ price war, they cannot be commercially successful.
The business will be closed by 31 July.
LG has officially informed that the company will completely shut down its mobile phone business by 31 July. The company said that even after this date, stock of some existing models might be available.
How long will LG’s phone last?
LG said that phones will continue to be made available in the market right now to finish its stock. The company will also continue to provide service support and software updates to customers for a fixed period. According to reports, LG has already started shifting some employees from the phone division to the business unit.
LG Shut Down due to incurring losses.
According to a Counterpoint Research report, LG shipped a total of 6.5 million units in 2020, and the company’s global share stood at 2 per cent in the third quarter of 2020. But they could not succeed commercially in the face of the price war of cheap Chinese mobile companies. Earlier this year, LG had said that the company would evaluate its smartphone business. The company also considered several options, such as selling smartphone units.
LG G8X think the specification.
|Eight Cores (2.84 GHz, Single Core + 2.42 GHz, Tri-Core + 1.8 GHz, Quad-Core)|
|6 GB RAM|
|6.4 inches (16.26 cm)|
|403 PPI, OLED|
|12 MP + 13 MP Dual Primary Camera|
|32 MP Front Camera|
|Fast Charging 3.0|