Selvom LG har været villige til at eksperimentere en hel del med deres smartphone igennem årene, og har tilbudt telefoner med to skærme og mærkelige gimmicks, så har de ikke kunne tage nok markedsandel til at det kan betale sig at blive ved.
Så efter mange måneder med rygter, så er det nu desværre officielt. LG trækker sig helt fra smartphone-markedet, og hele afdelingen vil blive lukket inden d. 31 juli. Dette fremgår via en officiel pressemeddelelse, hvor de desuden siger følgende:
"Current LG phone inventory will continue to be available for sale. LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region. LG will work collaboratively with suppliers and business partners throughout the closure of the mobile phone business. Details related to employment will be determined at the local level. Moving forward, LG will continue to leverage its mobile expertise and develop mobility-related technologies such as 6G to help further strengthen competitiveness in other business areas. Core technologies developed during the two decades of LG's mobile business operations will also be retained and applied to existing and future products."
Du vil altså se teknologier fra deres mobildivision i andre LG-produkter, men ikke i specifikke smartphones.