LG calls rumors of leaving smartphone market “completely untrue”

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A couple days back, we heard a report out of South Korea claiming that LG was looking to shift around its business interests, and would start moving some of its focus away from smartphones, instead putting a greater effort towards the production of HDTVs. It seemed a bit weird, considering how large a player LG is in the smartphone market, but the offered reasoning suggested this might just be a temporary adjustment, as the company tried to build its profitability. Unsurprisingly, the whole idea attracted a lot of heated opinions. Today, we finally hear from LG itself on the matter, with a representative flat-out denying the allegations.

LG says blames the rumor on “non-credible sources and uninformed speculation.” A spokesperson asserted, “we are more committed than ever in making the LG brand a major player in the mobile space,” continuing, “and we think our products this year speak for themselves.”

Well there you have it. Is it possible that LG’s just doing damage control here, telling us everything’s fine while it really does intend to focus less on phones? We can’t see what it would have to gain by doing so, so we’re inclined to take this denial at face value.

Source: CNET

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!