LG may shut down its smartphone business since it can’t find a buyer

WRITTEN BY: supportmymoto.com STAFF

The historical past of LG’s smartphone division has been certainly one of fixed failure and tragedy in the previous couple of years. Regardless of their fixed makes an attempt to innovate and shake issues up, they’ve failed to actually make a revenue off their smartphone enterprise. Whereas they typically make headlines and do their finest at holding issues recent with bizarre ideas just like the LG Wing, the truth is that their smartphone division remains to be continually dropping cash, and their efforts to show that tide round aren’t working that properly. LG was beforehand reported to be in talks for promoting off their smartphone division, however their seek for a purchaser is reportedly not going very properly, they usually is perhaps compelled to throw the towel and shut down their smartphone enterprise.

This report comes from the Dong-A Ilbo South Korean newspaper (through Bloomberg). Beforehand, an organization’s spokesperson advised us that their smartphone enterprise wasn’t going away anytime quickly (earlier than a brand new report surfaced saying precisely the other simply days later). They even had critical ambitions for 2021, together with a smartphone with a rollable show, which even bought Bluetooth SIG certification. This smartphone has reportedly been scrapped, and this new report additionally says that the corporate is shelving all of its new smartphone releases for the primary half of 2021.

LG has been in talks with corporations from the likes of Volkswagen and Vietnam’s Vingroup JSC for doubtlessly promoting off their money-losing smartphone division, however these talks have, to this point, appear to have failed. In the event that they don’t handle to discover a purchaser, then LG should kill off their smartphone division fully.

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This may be an enormous loss for the Android ecosystem. Whereas LG hasn’t been doing properly within the final years by way of gross sales, they’ve been a traditionally main participant within the Android ecosystem, placing out legendary smartphones such because the LG G2. They had been additionally the makers behind different iconic telephones such because the Nexus 5, the Nexus 5X, and the Google Pixel 2 XL.

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