LG may end its smartphone business in 2022 — Here’s what we know

LG may end its smartphone business in 2022 — Here's what we know

(Image credit: Future)

LG is a perennial also-ran in the smartphone market despite producing some incredibly well-loved devices, like the LG G4, and pushing interesting concepts like its convertible dual-screen options along with last year's LG Wing (which earned our Editor's Choice accolade).

Unfortunately for LG, information technology has been buried under the weight of Samsung and Apple in the U.Southward. and even more and so internationally with Huawei, Xiaomi and Vivo in the mix as well. All this is to say that it comes as little surprise that, according to a written report from the Korea Herald, the company is contemplating shuttering its smartphone concern in 2022 (via The Verge).

Best smartphones in 2022
All-time phone deals of January 2022
Asus ROG Phone 2022 leaked — and it comes with a secondary screen

Before LG diehards get besides worked upwardly, at that place are other options on the tabular array; in a response to The Korea Herald, LG stated that "The company is because all possible measures, including auction, withdrawal and downsizing of the smartphone business organization."

That leaves open up quite a bit of wiggle room, although downsizing the smartphone business seems similar postponing the inevitable, so information technology'due south difficult to come across that particular option playing out. The biggest question for a sale is who might be in the market for a smartphone segmentation that has lost roughly $4.5 billion over the concluding five years.

The name certainly carries some value, so we could see something like to Lenovo purchasing Motorola back in 2022 to requite it a foothold in the smartphone market that it lacked on its own. Speaking of Motorola, Google would be another potential buyer, although it may accept learned its lesson.

For now, things will continue on equally usual for LG smartphones with products like the LG Rollable that the visitor very briefly showed off at CES notwithstanding planned for release this year. But with the future of LG's smartphone sectionalisation in dubiety, recommending any of them, permit alone an untested premium smartphone, is going to be a tough sell.

Sean Riley has been covering tech professionally for over a decade now. Most of that fourth dimension was as a freelancer covering varied topics including phones, wearables, tablets, smart abode devices, laptops, AR, VR, mobile payments, fintech, and more than. Sean is the resident mobile expert at Laptop Mag, specializing in phones and wearables, you'll find enough of news, reviews, how-to, and opinion pieces on these subjects from him here. Simply Laptop Mag has also proven a perfect fit for that broad range of interests with reviews and news on the latest laptops, VR games, and computer accessories along with coverage on everything from NFTs to cybersecurity and more.