Goodbye, LG Smartphone? Tech Company Struggles to Find Buyer– Does it Mean RIP Rollable Phone?

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LAS VEGAS, NV – JANUARY 05: LG Electronics MobileComm USA Brand Marketing Senior Manager Frank Lee shows the LG G Flex 2 smartphone at a press occasion on the Mandalay Bay Convention Center for the 2015 International CES on January 5, 2015 in Las Vegas, Nevada. CES, the world’s largest annual client expertise commerce present, runs from January 6-9 and is predicted to characteristic 3,600 exhibitors exhibiting off their newest services and products to about 150,000 attendees 
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LG smartphones have been preventing towards the strongest manufacturers of smartphones out there for years. Unfortunately, regardless of a steady try to innovate, it didn’t surpass main tech giants and failed to profit.

The COVID-19 pandemic would possibly hit the corporate so arduous. At first, some information retailers stated that the corporate was contemplating promoting its smartphone division as a result of it continues dropping cash. 

However, the issue is, they may not discover a purchaser. With that, they is perhaps pressured to shut their smartphone enterprise. This report got here from the Dong-A Ilbo, a South Korean newspaper, 

XDA Developer talked about that an LG spokesperson instructed them that their smartphone enterprise wasn’t “going away anytime quickly,” earlier than this new report got here suggesting the corporate will shut down the smartphone division. The spokesperson additionally shared LG’s critical ambitions for 2021, together with a smartphone with a rollable display with Bluetooth SIG certification

However, new stories say this plan for the rollable smartphone had already been scrapped. The newest report additionally added the corporate is “shelving all of its new smartphone releases for the primary half of 2021.” 

RELATED ARTICLES: LG Rollable’s Rumored Release Date: Bluetooth SIG Certification Leaks Possible Details– Snapdragon 800? 

This article had been printed on Tech Times

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