LG reportedly set to close its mobile division after failing to sell it

LG is one of the most historic Android companies, having been present in Europe since the beginning of the mobile operating system. Despite its seniority, the company has been dragging losses for years and after several restructurings, it has failed to achieve the expected profits.

The company seems to be fed up with the situation and recently said it was time to think about and weigh all options, including shutting down the division. It seems that this will ultimately be the path South Koreans will eventually choose.

LG, on its mobile division: “It’s time to judge coldly”

LG’s mobile division could be facing its end. According to the head of the division, they are considering all the possibilities for the future.

LG would not have been able to sell its mobile division and plan to shut it down

Several weeks ago, we learned that LG was evaluating all kinds of options for the future of its mobile division. At first it seemed that Vingroup, the group that had bought BQ in the past, would take over the division, but it seems that the negotiations fell through.

According to an anonymous official source, LG has had discussions about selling the mobile division, but apparently there is not much progress in the negotiations. A full sale of the mobile division and a partial sale would be very difficult. Right now, the most plausible option would be to shut down the division, and while there is no final decision yet, whichever route you choose would make it official at the next general meeting. shareholders at the end of the month.

As for the division’s mobile workers, when LG said it was evaluating all possible options, they particularly emphasized that there would be no layoffs and that all employees would keep their jobs, being transferred to other divisions with almost total certainty.

Today, buying an LG mobile has become on a risky bet. While its update schedule already left no good indications, the uncertain situation is making it harder for the company to trust mobile devices.