The South Korean producer LG, which as soon as did very properly within the smartphone market, has now come to the top of the highway.
The corporate, which can’t compete with its Chinese language rivals and loses blood yearly, has to take some radical selections.
LG CEO Kwon Bong-seok He had made it clear earlier this 12 months that he would possibly withdraw from the smartphone market. Firm, German automotive big for the sale of its smartphone division Volkswagen and held talks with a Vietnamese firm, Vingroup JSC.
TO BE EXTRACTED FROM THE SMART PHONE MARKET
The shortage of outcomes from the talks introduced LG one step nearer to promoting its smartphone unit. Sources shut to the corporate say that the information of the shutdown might be introduced in April.
Nonetheless, this may additionally negatively have an effect on clients who already use LG smartphone fashions.
UPDATES WILL ALSO BE FINALIZED
In accordance to the allegations, LG will stop distributing Android and safety updates to its present clients after shutting down its smartphone unit.
LG, which is likely one of the slowest firms to distribute updates amongst smartphone manufacturers, may obtain much more response with this determination.
LG has solely a handful of units up to now. Android 11He had upgraded to . It’s said that the corporate won’t provide Android 11 to the fashions within the replace calendar after it’s withdrawn from the market.
Lastly, let’s state that every one of those are claims and no official assertion has been constituted of LG. Within the coming weeks, LG is anticipated to announce the information of the withdrawal. Due to this fact, we could have to look ahead to the official announcement for extra particulars.
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