South Korea-based electronics giant LG has decided to stop producing a series it has been carrying out for years. According to company and industry sources, LG will end the production of G-series smartphones that feature flagship phones. However, this termination does not mean that LG will not produce the new flagship. According to the sources, LG will introduce a brand new product to be included in the premium segment. Moreover, the company plans to introduce its new premium member in the first half of 2020. Of course, this change plan that LG received at a time stems from the problems experienced by the company in the smartphone industry. Production of G series phones is stopped: LG had difficulties in attracting new customers to the smartphone industry for about 5 years, as well as even old customers. The technology giant that wants to leave this failure behind may have made such a decision to make itself an option for customers. According to people who closely follow the industry, Lee Yeon-mo is the name behind LG making such a decision. Lee was nominated to take over LG Electronics’ mobile department last November. Lee Yeon-mo was one of those who advocated combining the two brands to reduce research and development costs and increase sales. It is not yet clear how exactly the new premium devices LG will introduce instead of the G series. According to industry experts, the company will introduce these devices next May. Moreover, LG’s new premium devices will also support 5G connectivity. However, LG’s new premium device is expected to have two screens. It is also said that the price of the device will be approximately 800,000 won. Only in the coming months will we be able to see what kind of smartphone model LG will replace with the G series.
