LG calls rumors of leaving smartphone market “completely untrue”
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.