LG has attempted to keep up prominence in the competitive mobile market. Thus, the organization is purportedly getting ready to declare that it will shutter its cell phone business.
As indicated by The Korea Times, LG will report that it will pull out of the cell phone market on April 5 in the wake of failing to make profit these previous few years.
“LG Electronics appears to have decided to pull out of its money-losing smartphone business and entered into a transition process to relocate its mobile communications employees to other business units,” The Korea Times said.
LG has suffered operating losses since 2015, and notwithstanding producing some genuinely inventive gadgets, the organization hasn’t had the option to turn its mobile business around. The organization endeavored to discover a purchaser, supposedly engaging interest from Volkswagen and Vietnam’s Vingroup JSC, yet the discussions apparently didn’t work out.
As recently as January, a LG representative said the organization wasn’t closing down its mobile business. Furthermore, truth be told, there were reports LG was dealing with new gadgets during the current year, in any event, teasing a rollable cell phone a couple of months back. As it was probably called, the LG Rollable was relied upon to offer a “unique resizable screen” that was capable of changing.
On the off chance that LG is surely shuttering its mobile business, it implies whatever it had gotten ready for 2021 has been rejected. LG’s nonappearance from the Android market would be a gigantic misfortune for the industry since it has concocted numerous extraordinary thoughts. LG additionally made incredible phones like the Nexus 5 and Pixel 2 XL.
“All we can say is that every possibility is open,” a company spokesperson told The Korea Times. “Although we cannot confirm that right now, we will announce the specific direction of our mobile communications business.”
For the time being, we’ll hang tight for true affirmation from LG about its future mobile plans. Today is April 1, which is interesting when writing about significant news. With a declaration supposedly going ahead April 5, it will not be any longer before we know without a doubt.