The high-profile LG rollable smartphone – one of the highlights of CES 2021 when it was unveiled last month – could run into trouble. A new report says that LG could “scrap” the ambitious device.
The LG rollable smartphone was expected by many to challenge that best camera phones with its new form factor, but it seems the manufacturer’s bitter mobile department may not continue with the project.
Follow in the footsteps of foldable handsets – like this Samsung Galaxy Z Fold 2, Samsung Galaxy Z Flip and Motorola Razr 5G – Rollable smartphones have become a highly anticipated new technology. And when LG built his CES 2021 It seemed like we could expect more news about the device soon.
Unfortunately, it’s not the good news we were hoping for – either for the phone or for LG’s cellular business as a whole.
“LG Electronics Inc … may ditch a plan to develop a rollable display smartphone, industry watchers said here on Monday, amid growing speculation that the South Korean tech giant will give up its money-losing wireless business,” said Korea Yonhap News Agency.
“LG has reportedly told its suppliers, including Chinese display maker BOE, to postpone their rollable smartphone development project, according to the industry. The parts makers could seek compensation from LG for their development efforts in the future,” they added.
According to Mobile World Live, LG’s mobile division has been losing money since 2015 – with Losses of $ 222.9 million in the fourth quarter of 2020 alone. According to this profit and loss account, LG confirmed the rumors that had been swirling for a long time that the company was examining the future of its mobile communications sector – and that it would possibly give up the smartphone business entirely.
If this new report on the rollable phone (which many viewed as key to LG’s mobile future) is true, it could be a dire prediction for the future of all LG phones.