LG surprised a lot of people by announcing the termination of their smartphone business on April 5, 2021.
Instead, the company wants a chance to focus on other lines of business that offer them more growth opportunities. These include smart appliances, connected devices, and even robotics.
According to Tom's Guide, LG recently previewed a phone with an expandable display during one of the biggest trade shows of the year. Sadly, the company has since scrapped that interesting development in smartphone design. On the other hand, bargain hunters might still explore the existing stock of LG phones to see if they can find good deals.
Where to Buy LG Phones?
If LG stepped away from the phone business, how can people still buy the brand's smartphones? First of all, LG will continue to make phones to fulfill current contracts. Also, plenty of mobile phone providers still have LG phones in stock.
The company also offers their remaining supply of discontinued phones for sale. They even thoughtfully provided this list of discontinued LG phones for sale, plus information about service providers that still have them.
They also list phones from Cricket Wireless, Google Fi, T-Mobile, Verizon, and others. This information might provide some phone buyers with an opportunity to find a great deal on one of the discontinued models.
Will LG Still Offer Phone Warranties?
- Yes, the company will still honor their limited warranties and provide service until these warranties end.
- Replacement parts and service could extend beyond the length of the limited warranty, but that might depend upon service providers and the availability of parts.
- As with the discontinued phones, shoppers may find limited supplies of accessories. In particular, phone owners could struggle to find cases.
- The company still plans to offer updates to the operating system for now. They may provide future upgrades too.
- Users can still download ThinQ apps to use with other LG smart devices, like LG smart TVs.
In short, LG promises to uphold any limited warranties on their purchased phones. However, those with LG limited warranties should consider getting an extended warranty for added protection and assurance.
How to Keep Discontinued LG Phones Protected
Nobody knows how long LG will continue to service discontinued products. However, with the company's assurance that they will honor limited warranties, a good deal might still prompt some people to take a chance on future support and upgrades.
- Up to five years of extended warranty protection
- Coverage to repair damage caused by accidents, manufacturing defects, and screen, power, component, or connectivity failures
- Replacement phones when repairs don’t make sense
Even better, Upsie lets customers choose between certified local service providers or handy mail-in repairs for all approved claims. With the mail-in option, Upsie pays for two-day postage both ways. Even more, Upsie has competitive prices and a low deductible of $0 for cracked screen repairs and $109 for other repairs.
Besides discontinued LG smartphones, Upsie also offers protection plans for other brands, a variety of electronics, and even appliances. Shop around to find the best deals and then protect it with an Upsie extended warranty.
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FAQs
LG Electronics exits the mobile phone business after years of poor sales. More competition leads to innovation and lower prices, Nguyen said. Also, enterprises may grow wary of buying minor vendors' products for fear that they might abandon the market like LG.
What is going on with LG cell phones? ›
LG's strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.
What was the last phone that LG made? ›
The last in the series is the LG V60 ThinQ released in March 2020.
Will Verizon support LG phones? ›
No longer supported LG devices.
Who replaced LG phones? ›
Samsung is already the second-largest smartphone brand in the US, and its A-series phones have been the big winners in LG's absence. According to Counterpoint Research, Samsung's A-series phones contributed to its 11 percent year-over-year sales growth in Q4 of 2021.
What was the downfall of LG? ›
They shifted their focus to gaining new sales, often at the expense of existing users. Software updates became infrequent, and several phones had issues like battery overheating and fragile camera glass. Even offering extended warranties couldn't salvage their reputation.
What does LG stand for? ›
LG originally stood for "Lucky Goldstar", but is now promoted as meaning "Life's Good" in the company's marketing campaigns. LG is the fourth largest mobile phone manufacturer in the world, and the second largest phone manufacturer in its home market of South Korea.
Is an LG phone good? ›
For those seeking exceptional camera capabilities, the phones by LG are known for their impressive camera systems, capturing stunning photos and videos with ease. LG phones are also known for their competitive pricing, delivering remarkable value for the features they offer.
What brand is similar to LG? ›
Both LG TVs and Samsung TVs offer a wide array of options for customers, so it wouldn't be fair to narrow down each brand to just one television for the sake of comparison. Samsung is notably known for its wide array of QLED televisions, while LG is most popular for OLED technology for TV panels.
What is the oldest LG phone? ›
The LG GW620, also known as the LG Eve and the LG InTouch Max, is a smartphone manufactured by LG Electronics. It is the first smartphone from LG that runs the Android operating system.
Samsung and LG are both completely separate companies. They are both conglomerates which means the ownership of the company is shared by the shareholders.
What does LG make now? ›
LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group's chemical and battery division LG Chem. It comprises four business units: home entertainment, mobility, home appliances & air solutions, and business solutions.
Are all LG phones being discontinued? ›
LG devices won't immediately disappear from store shelves; instead, the company plans to let current supplies dwindle without replacing any inventory. Existing LG phones will continue to receive support, with the exact length of that support to vary based on region.
Are LG phones considered Android? ›
Android is the operating system used by all Android phones and for which Android apps are built for use on, and LG is one of the manufacturers that makes smartphones using the Android OS to operate (Samsung, HTC, and Motorola are other Android phone manufacturers).
How old is the LG G7 ThinQ? ›
G710AWM
| Launch |
|---|
| Announced | 2018, May 02 |
| Status | Available. Released 2018, June 01 |
1 more rowThe decision to shut down LG Mobile came about from poor sales caused by stiff competition from rival Samsung and Chinese brands such as Oppo and Xiaomi. LG became the first major smartphone brand to completely withdraw from the market.
Has LG gone out of business? ›
LG isn't going out of business.
By exiting the smartphone business, LG is focusing on its other profitable businesses. LG reported revenues of 74,722 billion South Korean won in 2021, which was 28.7 percent higher than the previous year. The company is sustainably profitable and has a reasonably strong balance sheet.
Why did the LG Wing fail? ›
As the phone LG wing, it was futuristic but was complex & bulky due to that swivel nature. It was also expensive, so people hesitated to pay such huge money on a phone ( as LG didn't a brand value like Samsung or iPhone or any other Android phone), even though it was futuristic & different from others.
