No, LG isn’t giving up on the smartphone industry.
LG replied to a report by using Korean e-newsletter ET news that it was once shifting its resources far from the cell industry and against televisions, brushing aside it as “totally unfaithful.”
“We are more committed than ever in making the LG model an enormous participant within the mobile space,” an LG consultant mentioned on Friday. “And we predict our products this year discuss for themselves.”
Furthermore, LG stated the report used to be in line with “non-credible sources and uninformed speculation.”
Had LG pulled out of the smartphone trade, it would have been a curious transfer. The corporate closing month reported a 3rd-quarter revenue largely according to its handset unit. The Nexus 5, a Google cellphone constructed with the aid of LG, is a hot item and it has its personal highly rated flagship telephone, the G2, out there.
It is just the newest in questionable reporting from a Korean newsletter. Mobile chip designer ARM prior Friday pushed aside a rumor from the Korea Herald that it was once working on a 128-bit processor, noting that the sort of chip is not really needed. ARM claimed the feedback stated in the document was made up.