LG Electronics appears to have stopped its experimentation with unusual smartphone form factors, as it has reportedly suspended the development of its highly-anticipated rollable smartphone.
Ensuring job security is LG Electronics' first priority in reconsidering its long-struggling smartphone business. The company is also reviewing ways to "internalize LG’s mobile assets with other future-oriented businesses."
Market insiders are mapping out different scenarios for how LG Electronics could restructure its struggling smartphone business after the company admitted Wednesday that it did need to rethink the loss-making division.
The rumor mill was vindicated Wednesday when LG Electronics admitted what was obvious to many: It may have to quit its money-losing phone business.
LG Electronics hinted it may abandon its struggling smartphone business Wednesday.
Samsung Electronics will unveil its next flagship smartphone, the Galaxy S21, in an Unpacked event on Jan. 14. It will be aired live via Samsung’s official website and YouTube account at 10 a.m. Jan. 14, New York time. or 12 a.m. Jan. 15 in Korea.
Samsung Electronics continued its cat-and-mouse, selective-hint marketing strategy by offering up some clues seeming to suggest that the Galaxy S21 will include a stylus pen — or not — and that it will have its debut a month earlier than usual.
LG U+’s chief financial officer said U.S. sanctions on its network equipment provider Huawei would not affect its services.
LG Electronics' rotating Wing smartphone will be released in Korea on Oct. 6 with a price tag of 1.09 million won ($930). The electronics maker said Sunday overseas sales will start in the United States on Oct. 15.
Samsung Electronics and Apple are doing everything they can to capture India, with 1.4 billion potential customers and the world’s second-largest market.