There had been a string of experiences that LG is quitting the smartphone swap or at the least scaling it abet. To this level, each has been adopted by the company denying such claims. Korean e-newsletter dongA provides one other such document (citing an swap insider) and it sounds love the worst case scenario is the likely .
LG became reportedly in talks with Vingroup as neatly as Volkswagen as skill customers for the company’s mobile swap. Negotiations on each fronts has failed, experiences the e-newsletter – with spherical 1% global market, the asking stamp became honest too excessive.
This leaves one possibility to defend in mind – shut down the mobile division. In step with dongA, the final decision could presumably be announced to workers as rapidly as early April. It’s no longer all infamous, the company will are attempting to redistribute workers from its mobile division to the Household Appliances and Automotive divisions, alongside with assorted subsidiaries equivalent to LG Vitality Solution.
The mobile division has been struggling for the final 5 years
As for LG’s upcoming slate of smartphones, those had been placed on select. This involves the Rainbow – the successor to the LG V60. Pattern on the LG Rollable is reportedly nonetheless ongoing, however it’s miles “no longer likely” that the phone will likely be launched commercially.
LG’s mobile division has endured to war financially and the company acknowledged it became opened to “each possibility”. The final decision on the mobile division’s destiny will likely be announced internally rapidly, so it could most likely presumably be a whereas earlier than now we occupy legitimate confirmation whether the company will pull the drag.