LG announced its exit from the smartphone industry earlier this week. However, today LG has announced a "three-year pledge" to roll out future Android updates to its smartphones. This decision is favorable to the current userbase who will keep receiving important software and security updates.
LG premium models launched in 2019 or later will receive a “three-OS-update guarantee” from their date of release. These include the G series, V series, VELVET, and Wing models. Certain models launched in 2020 such as LG Stylo and K series will get two updates.
The VELVET model which came out last year with Android 10 has an ongoing Android 11 update along with few other premium models. LG’s Korean website indicated that some selected models would also get an Android 12 update. A page on the LG Germany website tracks Android 12 updates and you can keep an eye on further developments.
Even before LG announced its exit from the industry, it was not regular with its OS updates, even for flagship devices. In 2018, the company announced a Software Upgrade division but unfortunately nothing changed about the situation. Most of its premium phones are scheduled to get the Android 11 update later, at the end of this year.
"LG will continue to manufacture phones through the second quarter to meet contractual obligations to carriers and partners. This means customers can still purchase LG mobile phones currently in inventory and service support and security software updates will continue to be provided for a period of time for certain devices," the company mentioned. "Customers should contact their local LG customer service center for additional details."