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LG has decided to delay its foldable smartphone project

Most smartphone makers are betting on foldable smartphones as the next big thing. Samsung, Xiaomi, and Huawei are all gearing up to release their foldable phones and with the imminent arrival of 5G, it looks like hybrid devices with foldable screens will become a necessity to take advantage of the increased data speeds.

However, LG is apparently not yet ready to jump into this category of handsets. After all, the company that has seen tremendous growth in its home appliance and entertainment business has not had the same success in its mobile division, suffering 15 consecutive quarterly losses.

LG made a new foldable display that’s as hard as glass and with reduced creases

LG to launch foldable smartphone after assessing market response to new form factor

LG launched its impressive roll-up TV at the Consumer Electronics Show in January this year, so it’s not as if the company isn’t technologically equipped to launch a foldable smartphone. In fact, the company claims its technology is a step ahead of the foldable form factor. However, the company believes that given the current momentum, it’s best not to release a foldable smartphone just yet.

According to LG Electronics Mobile and TV Director Brian Kwon, the market demand for foldable smartphones is expected to reach nearly a million and as the company’s main problem right now is to regain its market position, it has decided to delay his foldable smartphone. Serving early adopters wouldn’t bode well with the company’s plan to improve its sales numbers.

Even Samsung would produce its foldable smartphone in limited quantities initially to test the waters. If the market reacts favorably, we can expect LG to release a foldable handset in the near future as well. However, the company has yet to reveal whether it has simply delayed launching a foldable phone or whether the development process has yet to begin. The company had previously filed for patents for foldable devices, so it appears the company is only putting the project on hold for a short time.

For now, LG plans to unveil two new smartphones at the next Mobile World Congress; the 5G compatible V50 ThinQ and the LTE compatible G8 ThinQ. The V50 ThinQ will apparently start shipping from March and since it is the company’s first 5G-capable smartphone, LG expects a positive response from the market.

Image credits: LetsGoDigital

News Source: Korea weather

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