LG Electronics has officially confirmed that it is shutting down its mobile division, ending one of the oldest Android smartphone brands.
LG has officially pulled out of the smartphone business. There have been multiple reports in the last two weeks hinting at LG bidding adieu to the smartphone space once and for all, and that has indeed turned out to be the case.
In a public statement, LG confirmed the closure of its mobile division, stating that it will no longer produce and sell new smartphones. The decision was approved by the company’s board of directors on Monday, citing the division’s long slump and stiff competition. Since Q2 2015, LG’s mobile division has been continuously reporting losses. In 2020, the mobile division registered a loss of ~$751 (USD) million.
I remember using my LG Optimus G E970 for about 4 years before I gave up on finding a replacement battery.