Latest news with #mobilebusiness
The Sun
03-06-2025
- Business
- The Sun
Exact date you need to upgrade your phone as major mobile brand SHUTS DOWN after 15 years
USERS of a huge mobile brand have until June 30 to upgrade their phones. After that date, customers will no longer be able to download or install Android updates, making their device more susceptible to cyber attacks. LG announced in 2021 that it was closing its smartphone division with the South Korean tech giant preparing to shut down for good at the end of this month. Its first Android phone was released more than 15 years ago - although LG's roots in mobile go back even further. LG once held the crown as the world's third-bestselling mobile brand. But rivals emerged including Oppo and Xiaomi, as well as long-established competitors such as Samsung. Despite the impending closure, the company continued to push out important Android updates to existing users. Bosses committed to do it for three years. But that time is now up with the last update due to come out on June 30, marking the very end for LG's mobile business. In a statement, LG said it would like to "extend our heartfelt gratitude towards our customers who have loved and supported LG Electronics mobile products". The company added: "After the termination date, you will no longer be able to use the software upgrade services. "If you wish to use the services, we strongly recommend upgrading your software before June 30, 2025. "Furthermore, as we will no longer provide application updates, you will not be able to download default applications deleted upon initialization." Time for an upgrade? Analysis by Jamie Harris, Assistant Technology and Science Editor at The Sun LG's mobiles have all long been discontinued so you can no longer buy them. And now you won't get software updates either. Security updates are the key part, as experts at LG will no longer plug any loopholes that are uncovered, meaning hackers will be on the look out to exploit them. So, the safest option is to upgrade to a newer handset. Users have been reacting to the final curtain call for LG's mobile devices. "The loss of HTC and LG phones really stagnated the market," one user wrote on Reddit. "I loved the different things they tried. A leather back to a phone!"
CTV News
20-05-2025
- Entertainment
- CTV News
New Kitchener-Waterloo mobile dog daycare picks up pups in decked out school bus
PawTrips, the hot pink doggy daycare on wheels, on May 20, 2025. (Spencer Turcotte/CTV News)
Japan Times
15-05-2025
- Business
- Japan Times
Rakuten group shares sink on worse-than-expected quarterly loss
Rakuten Group shares tumbled after the Japanese e-commerce firm reported a 19th straight quarterly loss, fueling concerns about the financial drag from its ailing mobile business. The stock plunged as much as 8.9% in Tokyo on Thursday, its biggest intraday drop since April 7. The company's net loss for the three months to March widened to ¥73.47 billion ($500 million) from ¥42.39 billion a year ago, after financing costs mounted and as it sought to turn around its sluggish wireless operations. The loss exceeded analysts' forecast of ¥40.38 billion. A decision by billionaire founder Hiroshi Mikitani to enter Japan's saturated cellular network market in 2014 has been pressuring Rakuten's earnings, even as business booms in its online shopping and finance operations. Rakuten Group's mobile segment posted a loss that narrowed to ¥59.3 billion from a year earlier, it said in a release Wednesday. The number of mobile subscribers rose by 4% from the previous quarter, while average revenue per user slightly decreased to ¥2,078. "Contracts and average revenue per user are weak and income is sluggish, with no apparent catalysts to drive share price recovery,' Morgan Stanley MUFG Securities analysts including Tetsuro Tsusaka wrote in a note. The burden of financial expenses, such as interest payments on overseas bonds, also continues to weigh on earnings. Further improvements in the mobile business may be needed to help boost its credit rating and break its financial downward spiral. CEO Mikitani said at a news briefing Wednesday that the company will focus on improving communication quality and increasing awareness to attract new users. Rakuten plans to install an additional 10,000 base stations within 2025, aiming to eliminate areas with no signal and ease network congestion in densely populated areas.
