【Watch Midhunter】
LG might finally be Watch Midhuntergiving up on its smartphone business.
We've first heard the rumor back in January, when it was said that the company is looking into either selling, downsizing, or shuttering its money-losing mobile division.
Now, according to The Korea Times, the decision has been made: LG is pulling out of the smartphone business.
You May Also Like
The outlet's sources say that LG has tried to sell its mobile division to several interested parties, but failed to reach an agreement with any of them. The company is expected to make an official announcement about shutting down its mobile division at its board meeting on Monday, April 5.
LG declined to confirm the news to the outlet, saying that "every possibility is open," and that the company "will announce the specific direction" of its mobile communications business.
SEE ALSO: LG's rollable Android phone might not happen, report saysThere's no question about why LG might shut down its smartphone division — it hasn't turned a profit since 2014, and the company's global smartphone market share has declined significantly in the past couple of years.
The rollable smartphone, as teased by LG during this year's CES. Credit: LG Still, the company teased a rollable smartphone during its CES presentation in January. A few days later, the company insisted that the phone is "a real product" and that it will be launched in 2021.
Search
Categories
Latest Posts
Super hot Pakistani tea vendor now has a modeling sponsorship
2025-06-27 06:48Australian Open 2025 livestream: Watch live tennis for free
2025-06-27 06:08Popular Posts
Touring Logitech's Audio HQ
2025-06-27 07:22White nationalist Trump fans spew anti
2025-06-27 07:01How to watch the third — and final — presidential debate
2025-06-27 06:48Clinton calls out Trump for being a sore loser about the Emmys
2025-06-27 06:32Super Bowl LIX livestream: Watch Eagles vs Chiefs on Tubi
2025-06-27 06:01Featured Posts
Satellite images show Hurricane Matthew's devastating mark on Haiti
2025-06-27 06:12Today in Trump mockery: The return of the ‘short
2025-06-27 05:49White nationalist Trump fans spew anti
2025-06-27 04:59Wordle today: The answer and hints for February 13, 2025
2025-06-27 04:53Popular Articles
Fritz vs. Monfils 2025 livestream: Watch Australian Open for free
2025-06-27 07:01Ivanka Trump denies ever saying that obscene thing
2025-06-27 06:36Trump called Clinton a 'nasty woman' in the debate's closing minutes
2025-06-27 05:46Behold, the bizzare 2017 Vladimir Putin calendar
2025-06-27 05:32Roborock Saros Z70 at CES 2025: A huge flex
2025-06-27 05:04Newsletter
Subscribe to our newsletter for the latest updates.
Comments (81291)
Ignition Information Network
Wordle today: The answer and hints for January 28, 2025
2025-06-27 07:25Style Information Network
Tesla will equip all its cars with full self
2025-06-27 07:14Exquisite Information Network
Donald Trump just said he may not accept the results of the election
2025-06-27 05:47Mark Information Network
People can't handle Kevin Durant's Rolling Stone cover outfit
2025-06-27 05:09Neon Information Network
Best Samsung Galaxy Watch Ultra deal: Save $200 at Best Buy
2025-06-27 04:57