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LG can close its smartphone business since it can not find a buyer



The history of LG’s smartphone division has been a constant failure and tragedy in recent years. Despite their constant efforts to innovate and shake things up, they have not been able to make money on the smartphone business. While they often make headlines and do their best to keep things fresh with weird concepts like the LG Wing, the reality is that their smartphone division is constantly losing money, and their efforts to turn the tide are not working so well. LG was previously reported to be in talks to sell off their smartphone division, but the search for a buyer is reportedly not going very well, and they may be forced to throw in the towel and close the smartphone business.

This report comes from Dong-A Ilbo South Korean newspaper (via Bloomberg). Earlier, a company spokesperson told us that their smartphone business would not disappear anytime soon (before a new report appeared and said the exact opposite just days later). They even had serious ambitions for 2021

, including a smartphone with a scrolling screen, which even received Bluetooth SIG certification. This smartphone has reportedly been scrapped, and this new report also says that the company will release all new smartphone releases in the first half of 2021.

LG has been in talks with companies from people like Volkswagen and Vietnam’s Vingroup JSC to potentially sell off its money-losing smartphone division, but these talks have so far apparently failed. If they are unable to find a buyer, LG will have to kill its smartphone division completely.

This would be a huge loss for the Android ecosystem. While LG has not fared well in recent years in terms of sales, they have been a historically large player in the Android ecosystem, and have launched legendary smartphones such as the LG G2. They were also the manufacturers behind other iconic phones such as the Nexus 5, Nexus 5X and Google Pixel 2 XL.

What do you think about this?


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