No, LG isn’t giving up on the smartphone business.
LG responded to a record by means of the usage of Korean e-publication ET information that it used to be as soon as moving its tools some distance from the cell business and in opposition to televisions, brushing apart it as “completely untrue.”
“We are extra dedicated than ever in making the LG variation an huge participant inside the cell area,” an LG guide talked about on Friday. “And we predict our merchandise this yr talk about for themselves.”
Moreover, LG mentioned the record used to be in line with “non-credible sources and uninformed hypothesis.”
Had LG pulled out of the smartphone exchange, it would have been a curious switch. The company closing month stated a third-quarter earnings mostly in accordance to its handset unit. The Nexus 5, a Google cell phone developed with the assist of LG, is a scorching merchandise and it has its private extremely rated flagship phone, the G2, out there.
It is simply the latest in questionable reporting from a Korean publication. Cellular chip fashion designer ARM prior Friday pushed apart a rumor from the Korea Herald that it was once as soon as working on a 128-bit processor, noting that the type of chip is now not in reality wanted. ARM claimed the comments said in the file was once made up.