LG surprised the public by unveiling the LG Rollable smartphone with a retractable display at CES 2021. Then there was information that this is not just a concept. Allegedly, the release of a commercial smartphone was expected in September this year, but now everything is not so simple.
The Korea Herald reports that LG has no clear plan for the LG Rollable smartphone. The company’s CEO said last week that there will be major changes to the mobile division. Kwon Bong-seok immediately added that employees shouldn’t worry about losing their jobs.
LG is currently considering the possibility of leaving the mobile business, and is also negotiating with a potential buyer. LG’s mobile division has accumulated a loss of $ 4.5 billion over the past five years.
Sources say that even LG will not sell the smartphone division, the company may refuse to release the LG Rollable. The previous innovative smartphone LG Wing failed in sales with the result of only 100 thousand units.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
