South Korean Publication The Elec reported not too long ago that LG was going to exit the smartphone industry. The publication claimed that LG would announce the decision by the end of the month. It was also said that except for the LG Rollable, all development would be halted.
Completely false and without merit. I won’t even justify that rumor with a statement.
The Elec report has been deleted from the website.
This means that LG’s smartphone unit is still alive, though it’s not exactly kicking.
The LG Rollable has seemingly been delayed
Keep in mind that the device was only shown on video and the company didn’t bring an actual prototype to the trade show.
As a result, the launch has supposedly been pushed to September.
We will have to wait and see if CEO Kwon Bong-seok will be able to make good on his last year’s commitment of making the mobile business profitable by 2021.
LG Electronics’ mobile business is going to be profitable by 2021. I can say we can make that happen as LG Electronics will expand our mobile lineup and steadily release new ones attached with some wow factors to woo consumers.