Coming off of the heels of the LG V60, the Wing, & Rollable Phone from CES, all isn’t well in the world of LG. While they have been one of my favorite Android phone makers out , LG might not be in the smartphone business much longer.
Based on a report from the Korea Herald, LG is considering leaving the smartphone market in 2022. Over the past 5 years, LG’s smartphone business took a $4.5 billion loss. Making it tough to justify continuing to compete against the likes of Apple, Samsung, Huawei, & more. LG CEO Kwon Bong-Seok has notified employees that they’re considering making big changes. They’re considering all possible measures like a sale, withdrawal, & downsizing.
Coincidentally enough, the LG Rollable Phone is set to actually drop sometime in 2021. If this comes into fruition, this might be one of their last drops as a smartphone company. I get it but I wish this wasn’t the case. I really don’t want to see LG go the way of HTC but business is business though.
