LG has revealed that it might stop making smartphones

LG Wing 5G
The LG Wing 5G (Image credit: Future)

Despite making innovative and interesting phones like the LG Wing 5G and the upcoming LG Rollable, LG has struggled to compete in the smartphone market in recent years, and has now revealed that it’s considering giving up on phones.

That’s according to the Korea Herald, which has seen a note sent to employees from the company’s CEO, Kwon Bong-seok. While the note didn’t go so far as to say that LG was definitely abandoning the smartphone business, it did apparently say that “the company is considering all possible measures, including sale, withdrawal and downsizing of the smartphone business.”

This isn’t the first time we’ve heard talk that LG might quit the smartphone business, but just a few days earlier LG's global head of corporate communications, Ken Hong, called the rumors "completely false and without merit” so this seems like quite a sudden turnaround.

A tiny share of the market

It would make sense for LG to mull its options though, as according to StatCounter, LG’s smartphone market share in December stood at just 1.7%.

While the smartphone industry might be booming, it really only seems to be a few companies that are significantly benefiting, with Samsung and Apple being among the major premium players, while Chinese brands like Oppo and OnePlus sell phones at prices that LG can’t compete with.

Still, it seems no decision has been made yet, so there’s some hope for LG’s smartphone business. Though it’s unlikely the LG Rollable will be its savior, as that’s sure to be a very expensive and probably very niche device.

Via Engadget

TOPICS

James is a freelance phones, tablets and wearables writer and sub-editor at TechRadar. He has a love for everything ‘smart’, from watches to lights, and can often be found arguing with AI assistants or drowning in the latest apps. James also contributes to 3G.co.uk, 4G.co.uk and 5G.co.uk and has written for T3, Digital Camera World, Clarity Media and others, with work on the web, in print and on TV.

Latest in LG Phones
LG V50 ThinQ
LG’s phone business is dead, but its phones are still getting Android 12
LG Wing 5G
LG has reportedly made its last smartphone
Pile of smartphones
Do you remember your first phone? We look back on our early mobiles
LG Velvet
LG’s Android phones will get three years of updates
LG phones
LG's smartphone legacy: every LG flagship Android phone
LG Wing 5G
Some LG phones will get Android 12
Latest in News
The Russo brothers posing for a photograph and Herman carrying a Volkswagen camper van in The Electric State
'We're optimists': AI enthusiasts Joe and Anthony Russo defend its use in movies and TV shows, but admit there are 'very real dangers' around its application
UK Prime Minister Sir Kier Starmer
UK PM says AI should soon replace civil servants
Xbox Copilot in Minecraft
Microsoft confirms Copilot can be tested by Xbox Insiders next month and shares new details about how the AI sidekick will enhance the player experience: 'It has to be about gameplay, it has to be personalized to you'
Eight Samsung TVs mounted to the wall showing different basketball games
Samsung is offering you 8 new TVs in one bundle for March Madness, in case you want to watch all games at once like a Bond villain’s lair
Image depicting hands typing on a keyboard, with phishing hooks holding files, passwords and credit cards.
Microsoft warns about a new phishing campaign impersonating Booking.com
The Steam Logo on a mobile phone in front of a wall of games.
Today’s Steam Spring Sale features my absolute favorite game of all time - here's when the sale starts and all the key info