LG Electronics Inc. announced this week that it will be closing its mobile business unit…

According to the company, “the decision is a strategic one, based on the incredibly competitive mobile phone sector”. LG has decided to focus its resources on other areas.

LG is now growing other areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence, and business-to-business solutions, as well as platforms and services.

The mobile phone market is currently dominated by iPhone and Samsung.

Continued support for existing customers

According to LG, the mobile division will officially close on 31 July and support for existing mobile users will remain in tact for while after that, but it will differ from country to country.

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“LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level.”

LG South Africa, is saddened by the news but will do everything they can to support customers

“We will continue to do the utmost to provide after-sales services and repair parts as required by relevant regulations, even after closing down the mobile business. We are preparing service parts to prevent customer inconvenience,” the company said in a statement.

Users can still purchase LG mobile phone accessories such as battery, charger, power cable, headsets and so forth through existing purchase channels according to the life span of existing products. But 3rd party accessories like cases, and protective film may become scarce based on suppliers.

Future plans

Moving forward, the company says it will “continue to develop mobility-related technologies such as 6G to strengthen its competitive edge in other business areas.”