It’s official. LG is shutting down its mobile business production. They had an official announcement and post on their official Facebook page saying the following:
We are truly grateful for your support of LG mobile products and want to thank you for your loyalty over the years. We cherish every precious moment we had with our loyal customers.
Our mobile products will continue to be available while supplies last, which will vary from country to country.
We will fully honor our product limited warranties, and will also continue to provide software and security updates as well as replacement parts in accordance with applicable regulations and contractual obligations.
We hope that you will embrace our other smart technologies, as LG continues to deliver a wide range of innovative products and services that make life better.
LG’s latest stunt on the LG Wing flagship is the last of it’s kind. Having a very low market response has made the company decide on a very depressing move. As cheaper china mobile phones hit the market, LG is drastically losing market share. LG would rather take a big hit instead of losing more in the long term. LG will divert attention and continue to focus on their appliances business which dominates global market.