Earlier this 12 months, Korean electronics big LG introduced that it might exit the smartphone market in August 2021. The information was stunning, however not surprising, contemplating the corporate’s market share has dwindled over time.
In line with Korean information outlet Asiae.co.kr (h/t 9to5Google), LG could have simply taken an enormous step in direction of the tip of its smartphone legacy. The Asiae.co.kr article says that the corporate will finish manufacturing of smartphones as we speak.
Which means that the unopened LG telephones on the market proper now are the final model new telephones you’ll have the ability to discover. LG will probably spend the following few months promoting via its shares as greatest it could actually to take advantage of as a lot revenue as doable. As such, count on heavy reductions on LG units all through the remainder of 2021.
If you’re fascinated with making the most of these anticipated offers, LG assures us that it will continue to update its phones for 3 years after the unique launch date. Which means the 2 most up-to-date LG flagships — the LG V60 and LG Velvet — ought to obtain help till 2023.
Fortunately, lots of the employees on the Vietnam manufacturing facility that produced LG Telephones will retain their jobs. LG has allegedly transformed the manufacturing facility to supply family home equipment as an alternative.