LG looks ever more likely to be quitting the smartphone business
The decision has apparently been made
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Things don’t look good forLG’s smartphone business. There have beenrumors of its demisefor months now, and “industry sources” now claim the decision to stop making phones has been made.
These sources – speaking toThe Korea Times– said “LG has considered various options such as a sale, split sales or pulling out of the smartphone business, but decided recently to pull out of the business."
The official announcement that LG’s pulling out of the smartphone business will apparently come at the company’s board meeting on Monday (April 5) – which is something we’dpreviously heard from another source.
Every possibility is open - but one seems likely
Not so long agothe company had denied claimsthat it might be quitting smartphones, but in a comment to The Korea Times it sounded a lot less certain, with an LG official saying “all we can say is that every possibility is open. Although we cannot confirm that right now, we will announce the specific direction of our mobile communications business."
While we can’t be sure of anything until we hear it direct from LG, we should know one way or another on Monday, but at the moment things certainly don’t sound promising.
LG has struggled to compete in the smartphone industry in recent years, but it used to be a significant player, and even now it’s responsible for some of the most interesting and innovative phones, such as theLG Wing 5G, and theLG Rollable– the latter of which might never now be released.
If LG does make any sort of announcement about this on Monday, TechRadar will be sure to cover it, so head back here then to find out whether you can expect any more LG phones.
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ViaBGR
James is a freelance phones, tablets and wearables writer and sub-editor at TechRadar. He has a love for everything ‘smart’, from watches to lights, and can often be found arguing with AI assistants or drowning in the latest apps. James also contributes to 3G.co.uk, 4G.co.uk and 5G.co.uk and has written for T3, Digital Camera World, Clarity Media and others, with work on the web, in print and on TV.
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