LG Electronics may be shuttering its mobile division entirely

The LG Rollable may still be a thing, but it could also be one of the last smartphones that LG releases. (Image source: LG)

LG Electronics may abandon its smartphone business, according to a new report. Apparently, negotiations with prospective partners have failed, leaving LG with the option of closing its smartphone business instead.

Alex Alderson, 03/23/2021 🇫🇷 🇪🇸 ...

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According to Bloomberg's report, neither Volkswagen AG nor Vingroup JSC wants to buy LG Electronics' loss-making smartphone business. Currently, these represent the sum total of negotiations that LG has had with other parties.

Earlier this year, LG's CEO stated that the company was considering all options for its smartphone business. Apparently, LG's failure to attract potential buyers has left its smartphone business at risk of being closed altogether.

Development of the LG Rollable remains ongoing, but it may not receive a commercial release anymore. However, all future smartphone development has been shelved, presumably until a resolution is found.

If LG were to close its mobile division, we would imagine that it would impact ongoing software support. LG remains one of the worst Android OEMs for delivering software updates, but ceasing smartphone operations would likely spell an end to development for the Velvet, Wing and the V60 ThinQ.

Purchase the LG V60 ThinQ on Amazon

Source(s)

Bloomberg

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Alex Alderson - Senior Tech Writer - 4123 articles published on Notebookcheck since 2018

Prior to writing and translating for Notebookcheck, I worked for various companies including Apple and Neowin. I have a BA in International History and Politics from the University of Leeds, which I have since converted to a Law Degree. Happy to chat on Twitter or Notebookchat.

contact me via: @aldersonaj

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LG Electronics may be shuttering its mobile division entirely

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