GSMArena.com GSMArena.com

Tip us

888k

156k
74k
1.1m

RSS

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • DealsNew
  • Tools
  • Coverage
  • Contact
ADVERTISEMENTS

Yonhap: LG has put the rollable phone project on hold

  • Post your comment
  • Comments (36)

Peter 22 February 2021

LG Android Rumors

A report from last month claimed that LG is weighing its options for the rollable phone it showed off at CES 2021. Now Yonhap reports that the decision has been made to mothball the project.

LG has told its parts suppliers to put work on the rollable phone on hold, according to insiders quoted by the Korean news agency. This includes BOE, which was contracted to make the display. The suppliers may seek compensation for the work they have already done. LG has made no official comment on the matter.

This device was part of the ambitious Explorer Project, which was supposed to deliver a one-two punch with a classic flagship (the LG V70, most likely) followed by the rollable phone. We’ve heard no rumors of a flagship on the way, however.

Yonhap: LG has put the rollable phone project on hold

The company is reportedly considering selling its mobile division or shutting it down. The division has been losing money since Q2 of 2015 and racked up $4.5 billion in total loses to date. It has continued to struggle despite multiple attempts to turn things around and bold projects like the LG Wing (also part of the Explorer Project).

Mothballing the rollable phone doesn’t necessarily mean that LG has decided to leave the mobile business. There were doubts that the project would be commercially successful (the Wing wasn’t), so this could just be a move to cut loses.

Source | Via

Related articles
  • LG Rollable's fate still undecided, may be canceled even if LG keeps its mobile division LG Rollable's fate still undecided, may be canceled even if LG keeps its mobile division
  • LG is developing a foldable display for Apple LG is developing a foldable display for Apple
  • LG’s 2020 financial report shows Mobile division is still burning cash LG’s 2020 financial report shows Mobile division is still burning cash
  • LG reportedly in talks to sell smartphone business to Vietnamese conglomerate LG reportedly in talks to sell smartphone business to Vietnamese conglomerate

Reader comments

?
  • Anonymous
  • sUS
  • 24 Feb 2021

Lg denies this. Wish these journos verify first before reporting. Instead of reporting then apologizing.

  • Reply
X
  • XLR8R
  • P%0
  • 23 Feb 2021

The Velvet is worth the money and I dare say a better phone than the Nord.

  • Reply
X
  • XLR8R
  • P%0
  • 23 Feb 2021

Vingroup deal failed. LG will stick around a while.

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 36

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • Ulefone
  • Tecno
  • BLU
  • Acer
  • Wiko
  • Panasonic
  • verykool
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Xiaomi Redmi K40 Pro+44,539
2.Samsung Galaxy A3228,540
3.Samsung Galaxy F6228,352
4.Samsung Galaxy S21 Ultra 5G26,499
5.Xiaomi Redmi K4024,602
6.Samsung Galaxy A1224,295
7.Xiaomi Mi 1122,141
8.Xiaomi Redmi K40 Pro22,039
9.Xiaomi Poco M320,063
10.Samsung Galaxy M6219,765
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2021 GSMArena.com Mobile version Android app Contact us Privacy Terms of use Change Ad Consent Do not sell my data