LG phones could be dead — here's why
LG phones could exist dead — here'due south why
It seems that LG has been attempting to sell its mobile phone division to little interest, and at present the company may shut downwardly the business birthday.
Co-ordinate to a report from Bloomberg, as interpreted through a story by Korean publication DongA, LG was in talks with Volkswagen AG and Vingroup JSC of Vietnam for a potential sale. Co-ordinate to DongA, talks around a sale of its phone division have come to a close. This gives trivial confidence to the hereafter of the LG rollable phone shown off at CES before this year.
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While LG's CEO did commit to turning the company'due south smartphone business around dorsum in 2020, it seems that continued competition from Apple tree, Samsung and China has been too much for the Korean manufacturer.
According to DongA, LG has shelved the first-half of 2021 smartphone releases for the time being. This includes the much anticipated rollable telephone. Earlier this month, it was also reported past Korean publication Chosun that LG'due south V60 was indefinitely delayed.
LG will likely give an official statement to its employees quondam next month.
This does non mean that LG will exit the smartphone supply concatenation entirely. At the moment, LG is i of the primary suppliers of flexible OLED displays to Apple. Information technology besides provides panels to other telephone manufacturers.
At that place's been plenty of pontification as to why LG has been unable to observe footing in the competitive smartphone landscape. Some, similar YouTuber Mrwhosetheboss, fence that LG has an inability to stick with one concept or design determination, doing footling to help cement brand loyalty.
While the company does introduce cool phone ideas, like the swiveling display constitute on its LG Fly or the modular pattern on the LG G5, none of these ideas stick around for futurity iterations. Considering of that, telephone buyers never become to see a version two of these ideas, leaving LG's unique phones to fall into the ether.
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Source: https://www.tomsguide.com/news/lg-phones-could-be-dead-heres-why
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