LG restructuring could mean moving away from smartphones
LG makes one of our favorite phones of the moment, the Google Nexus 5, and its parent phone, the G2, is not one to overlook, either. The company’s been enjoying respectable sales, jostling with Motorola and HTC for that not-Samsung slice of the Android market, but it looks like even that might not be enough anymore. A report out of Korea claims that LG’s feeling a lot of pressure to get more profitable and reduce risk, and may be reallocating many of its smartphone resources to contribute to its efforts with HDTVs, instead.
From the sound of things, LG’s still interested in smartphones, but just doesn’t have the finances to put on the sort of Samsung-level push it would really need in order to stop stagnating and step up its level of competition. So instead, it would focus on the more reliable profits TV sales bring in for now, and later use that investment to take another stab at smartphones.
While maybe not a Panasonic-type shutdown of smartphones altogether, we could see a much more spartan LG presence at next year’s trade shows and expos, with significantly fewer new models to highlight. What might that mean for a Nexus 6? It’s far too early to say, but we’ll be paying close attention to LG in the coming months to learn just what comes of this rumor.