For the next few weeks LG could make the final decision and that it would lead to the exit of the smartphone market; although after seeing the fascinating LG Rollable technology, it seems to us something far away.
And is that LG has lost $ 4.500 billion 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 is seen. And 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 downsizing of the smartphone division.
These were the LG spokesperson remarks to The Korea Herald:
With data such as that the company could only distribute 9,3 million phones in Q3 2020 and with losses close to 4.500 billion dollars, the cost of the smartphone market is becoming increasingly difficult for them.
Knowing the spectacular of the LG Rollable, now it will be necessary to see if one day this device will see the light, 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 which 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 the operating system.
