According to a new report from the South Korean homeland, LG is considering selling its mobile phone unit rather than shutting it down altogether.
Report from Donga Ilbo The news agency – a source we’re not familiar with – contradicts reports in January that claimed LG were looking for a suitable finder.
It is certainly possible that LG is considering all options for its planned mobile division, as well as continuing to press on with ongoing plans. However, the report now states that LG has eliminated the possibilities that come with a potential buyer.
LG denied the initial report in January, which was not surprising considering that it had only unveiled a rollable smartphone concept that seemed like a compelling answer to Samsung’s foldable technology. It also denied the development of the device that was being abandoned.
The Donga (via Bloomberg) report states that plans to launch foldable technology in early 2021 have been abandoned as the company gives up after several years of losses for the mobile division. For years now, the company has been moving ahead with its OLED TV and LG Display division, as well as its outstanding range of white goods such as refrigerators.
While the likes of Samsung, Apple and Motorola have done well to coexist with threats coming from Chinese manufacturers such as OnePlus, Huawei, Xiaomi, and Oppo, legacy phone manufacturers like LG and HTC have grown in scale with their locations. Dropped on, the best Android phone.
LG’s recent releases, although trying to push the design envelope further, have failed to reduce the possibility of considering LG devices when upgrading their smartphones. For example, the LG Wing attempted to engage users with a rotating, T-shaped dual display that our reviewers can only describe as “bizarre”. In giving 3.5 / 5 stars to LG Wing.
He wrote: “One of the most interesting phones of recent years, and a solid first attempt at a new form factor. However, LG Wing has made very few compromises, with very few advantages, and is worth gambling with very good flags for a lot of money. “