Reaching a certain audience around the world with the technology products it produces, LG had a hard time dealing with its rivals in the smart phone market. The company, which could not overcome a series of problems in front of it for a while, announced that it was withdrawing from the smartphone market with the decision it took in April last year. However, he promised that his smartphones on the market would work actively for a while.
Interesting smartphone move from LG! Is he coming back?
LG wants to make money on smartphone patents. South Korean company set up company for patent distribution.
LG, which ended the production of smartphones about a year ago, continues to offer new updates to its smartphones on the market. The company has announced that LG Velvet in Korea is currently receiving the Android 12 update. There is no information yet about whether this update will come to smartphones in the global market.
LG also announced some features that come with Android 12 to its users. This update includes some features like camera and microphone icons when in use, a new “approximate location” permission, and automatic revocation of permissions for inactive apps. While the Android 12 update is currently available on the LG Velvet phone, it is expected to arrive on the V60 and Wing models soon.
Although LG is not currently producing in the smartphone world, it is making some moves in this area. The company continues to sell smartphone patents it holds. Before closing its smartphone operations, the company said that this market had become “very competitive” and it would be better to use its energy in other areas.
About 4G, 5G and other wireless technologies The company, which has 20,000 patents, faces a financial loss of approximately $16 million every year to protect them. The company wants to both avoid losses and make a profit by selling these patents to smartphone manufacturers.
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