As many of you in all probability know by now, LG has determined to exit the smartphone business as a result of it being “incredibly competitive.” Just like Sony and HTC, LG sank so much of cash within the cellphone business and the returns had been fairly minimal.
After six years throughout it misplaced at least $4.5 billion, the South Korean firm determined to name it quits and focus assets in different areas like car elements, related gadgets, good properties, robotics, synthetic intelligence, and business-to-business options, in addition to platforms and companies.
Now, so far as what occurs with all of the LG smartphones that many individuals are nonetheless utilizing, the South Korean large was fairly obscure final week when the official announcement went stay. While LG did say that it’s going to present help and software program updates for these nonetheless utilizing its telephones, it did not present any timelines.
Today, LG returned with extra clarifications on the matter. In a press release published today, LG promises that every one its premium smartphones presently in use will obtain as much as three iterations of Android OS updates from the 12 months of buy.
It’s necessary to say that the three Android OS replace assure solely applies to LG premium telephones launched in 2019 and later, such because the G sequence, V sequence, Velvet, and Wing. However, 2020 fashions corresponding to LG Stylo and Ok sequence will nonetheless obtain main Android OS updates, it is simply that the quantity of updates will probably be restricted to 2 as a substitute of three.
Also, although LG introduced that will probably be exiting the cellular business by the top of July, it should proceed to fabricate telephones by way of the second quarter to satisfy contractual obligations to carriers and companions.