LG Android phones may be over
After sale talks reportedly fell through
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
LGhas been in the news for all the wrong reasons recently. While the company has showcased its innovativeLG Rollablephone, the main topic of discussion has been the brand potentially looking to shut down its smartphone business.
Last we heard the company was in talks withVietnamese company Vingroupand Volkswagen to sell off its mobile business. However, according to a report from South Korean publicationdongA,both of these discussions have failed and the only option left for LG is to quit the market.
The publication states that the reason behind the unsuccessful discussions could be LG’s high asking price for the 1% market share it commands. These reports, however, have been contradicting the official comments made by an LG exec, whorubbished rumors around LG winding downits mobile business.
A rapid decline
LG had a confident start to the year, riding on the wow factor offered by theLG Wing 5Gthat debuted late last year. The company was bullish about launching a couple of other interesting devices like the LG Rollable and another flagship-level devicecodenamed Rainbow.
However, mounting losses may have caused a major dent in LG’s plans. The company - which has a minuscule share in the global smartphone market - had alreadyoutsourced the manufacturingof its mid-range and low-end devices to Chinese companies, so it could focus on premium devices.
Incidentally, the LG Rollable recentlyreceived Bluetooth certificationeven though it was rumored that the company hadalready shelved the project. While Rainbow, theLG Velvetsuccessor, has reportedly been delayed indefinitely. The dongA report states that as things stand now, both of these devices may never see the light of the day.
We wouldn’t take any of this as confirmed until we hear it direct from LG, so don’t count the company out yet, but based on the available information the situation certainly doesn’t sound promising. We’ve contacted LG for comment, and will update this article if and when we hear back.
Get the best Black Friday deals direct to your inbox, plus news, reviews, and more.
Sign up to be the first to know about unmissable Black Friday deals on top tech, plus get all your favorite TechRadar content.
Jitendra has been working in the Internet Industry for the last 7 years now and has written about a wide range of topics including gadgets, smartphones, reviews, games, software, apps, deep tech, AI, and consumer electronics.
From Dishonored to Mafia: Definitive Edition, some of my favorite games are free right now for Amazon Prime members
Move over Steam Deck and forget the Switch 2 - the next-generation of handheld gaming PCs is almost here
Scammers are using fake copyright infringement claims to hack businesses
