Its confirmed! LG stopped making phones. The South Korean company has decided to close down its smartphone business as its mobile phone unit has been generating losses for nearly six years now. LG added it would continue to sell phones until the inventory lasts. The company has also agreed to provide service support and software updates for customers for a dedicated period.

According to LG, the mobile phone business wrap up is likely to be completed by July 31. However, there is a possibility that the inventory of some of its existing models may still be available after July. LG Electronics’ stock closed down 2.5% in South Korea after this announcement.

Why LG stopped making phones?

The decision to wrap up mobile business came after a constant decline in the profits. LG had already warned about the fate of its phone business in January, saying that it was looking at all options, including a potential sale of the unit.

At the beginning of 2019 it reported an overall loss of $72.5 million in the three months prior — much of that driven by its failing mobile division which saw sales drop by 40 percent throughout 2018. In 2020, the company’s CEO Kwon Bong-seok said, “LG Electronics mobile business is going to be profitable by 2021.” It then came up with its rollable display phones – Velvet and Wing, but these dual screen phones failed to capture the consumers’ interest. The company has not done enough to steal Apple and Samsung loyalists.

LG’s inability to improve its smartphone business is partly influenced by a global semiconductor storage. Also, it dwindled in popularity, particularly as Chinese upstarts such as Xiaomi and Oppohave surged around the world. Furthermore, Samsung, the biggest domestic rival, LG does not manufacture its own chipsets.  Moreover, the inadequate supply has resulted in the company struggling to attain the needed silicon supply for future mobile devices.

Focus on B2B & Robotics

The exit from the smartphone market will help the electronics company shift its focus towards creating electric vehicle components, connected devices, robotics, smart homes, artificial intelligence and business-to-business solutions, along with platforms and services.

The company has decided to retain all the technologies it developed for its smartphones and use it in creating future products. LG also said that it will continue to develop mobility-related technologies such as 6G.

Latest LG Smartphones

LG was a smartphone pioneer in the starting. The company has always been willing to innovate and offered consumer friendly phones that were not only easy to use but also friendly on the pocket.

The company was known for pushing the envelope with its smartphones. In 2013, it came out with a curved smartphone screen, making it one of the first electronics makers at the time to debut the technology for the mass market. Two years later, it left everyone in awe with the high-end photo-taking capabilities of its LG G4.

  • W41 Pro
  • W41+
  • W41
  • W31+
  • W31
  • W11
  • K92 5G
  • K62
  • Q52
  • K52
  • K42
  • K71
  • Wing 5G
  • K22
  • Q92 5G
  • Q31
  • K31
  • Velvet 5G UW
  • Q61
  • Stylo 6
  • Velvet
  • Velvet 5G
  • Folder 2
  • V60 ThinQ 5G UW
  • V60 ThinQ 5G
  • Q51
  • W10 Alpha
  • K61
  • K51S
  • K41S
  • G Pad 5 10.1
  • V50S ThinQ 5G
  • G8X ThinQ
  • Q70
  • K30 (2019)
  • K20 (2019)
  • K40S
  • K50S
  • W30 Pro
  • W30
  • W10
  • Stylo 5
  • V50 ThinQ 5G
  • G8S ThinQ
  • G8 ThinQ
  • Q60
  • K50
  • K40
  • Q9
  • V40 ThinQ
  • Watch W7
  • Tribute Empire
  • Candy
  • G7 Fit
  • G7 One
  • Q8 (2018)
  • K11 Plus
  • Q Stylo 4
  • Q Stylus
  • V35 ThinQ
  • Q7
  • G7 ThinQ
  • V30S ThinQ
  • Zone 4
  • X power 3
  • K30
  • K10 (2018)
  • K8 (2018)
  • Aristo 2
  • X4+
  • V30
  • Q8 (2017)
  • Q6
  • G Pad IV 8.0 FHD
  • X venture
  • G6
  • X power2
  • Watch Sport
  • Watch Style
  • Stylo 3 Plus
  • Stylus 3
  • Harmony
  • K20 plus
  • K10 (2017)
  • K8 (2017)
  • K7 (2017)
  • K4 (2017)
  • K3 (2017)
  • G Pad III 10.1 FHD
  • U
  • V20
  • X Skin
  • X5
  • X max
  • X mach
  • G Pad III 8.0 FHD
  • G Pad X 8.0
  • X power
  • X style
  • Stylus 2 Plus
  • Stylo 2
  • K5
  • K3
  • G5 SE
  • G5
  • X cam
  • X screen
  • K8
  • Stylus 2
  • K10
  • K7
  • K4
  • G Pad II 8.3 LTE
  • Ray
  • G Vista 2
  • G Watch R W110
  • Watch Urbane W150
  • Watch Urbane 2nd Edition LTE
  • V10

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