Home Technology LG might pull out of smartphone business after all

LG might pull out of smartphone business after all

by MagDIGIT
Published: Last Updated on 322 views

LG introduced a rollable smartphone at CES 2021, clearly indicating that the company has not run out of great ideas for its smartphone business. At the turn of the year LG also refuted the rumors about exiting the smartphone business saying these assumptions are “completely false and without merit.”

However in a dramatic turn of events, the company CEO has sent an internal memo, hinting there would be a major change in the mobile division’s operation.

LG Twin Towers HQ in Seoul, South Korea

Kwon Bong-seok, Chief Executive at the Korean company, said “regardless of any change…

LG introduced a rollable smartphone at CES 2021, clearly indicating that the company has not run out of great ideas for its smartphone business. At the turn of the year LG also refuted the rumors about exiting the smartphone business saying these assumptions are “completely false and without merit.”

However in a dramatic turn of events, the company CEO has sent an internal memo, hinting there would be a major change in the mobile division’s operation.

LG Twin Towers HQ in Seoul, South Korea

Kwon Bong-seok, Chief Executive at the Korean company, said “regardless of any change…

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