LG Confirms Closure of Smartphone Business

[Tsing]

Image: LG



Following months of rumors, LG has confirmed that it will no longer be involved in the business of manufacturing and selling smartphones. The company revealed the news in a press release published today, which hinted that it was losing tons of money in the competitive mobile phone sector. LG clarified that support and software updates for existing smartphone customers would continue to be available “for a period of time.”



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[Auer]

Here's hoping I can get one more year out of my LGV4.

Been very happy with it and would likely have stayed with LG.