For the next few weeks, LG could make the final decision and that would lead to the exit from the smartphone market; Although after seeing the fascinating technology of the LG Rollable, it seems somewhat distant.
And it is that LG has lost 4,500 million dollars in the last 5 years with its smartphone division. An amount that is surely a headache for the CEO and managers.
The truth is that LG does not take off even with that curious and surprising LG Wing with its two screens to generate a user experience different from what was seen. And it is that from The Korea Herald comes the news that Kown Bong-Seok, the CEO of the company, has told his employees that he is considering all possible measures, including the sale, abandonment or even reduce the personnel of the division of smartphones.
These were the words of the LG spokesperson to The Korea Herald:
With data such as that the company was only able to distribute 9.3 million phones in Q3 of 2020 and with losses close to 4.5 billion dollars, the cost of the smartphone market is becoming increasingly difficult.
Knowing how spectacular the LG Rollable is, now we have to see if this device will ever see the light of day, which would surely be able to attract attention by itself.
An LG that gave us many joys until that LG G5 and with an LG G3 that was one of the best Android at that time when it was more difficult to find a company that launched good phones with Android as an operating system.