LG wants to shut down the phone business instead of selling it, the report said



LG-Rollable

The LG Rollabel was unveiled at CES 2021.

L.G.

LG is considering closing the hands of its mobile phone, Korean news site DongA reported over the weekend. The report quoted an anonymous source as saying that negotiations to sell Volkswagen and Wingroup JSC have stalled.

It follows a report from the Korea Herald in January LG wanted to scrap its phone business Despite its premiere only New rollable phone tech At CES 2021.

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LGA denied those reports in February Canning his new rollable phone, LG Rollable, but Donga reported on Sunday that LG has canceled its plans to launch Rollable phones in the first half of 2021. Extremely competitive The global smartphone business is being managed by Samsung, Xiaomi, Apple Pal, With Oppo and Huawei Multiple foldable phones In the market and Apple is reportedly working on one.

U.S. LG is “exploring a variety of options in light of the headwinds facing our mobile business,” Michelle Lef Marmlstein, head of public relations, said in an emailed statement.


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