LG Refutes Report Claiming Rollable Smartphone Development Scrapped, Says Nothing Has Been Finalised
News 18LG Electronics is reportedly planning to stop the development of the smartphone with a rollable display that the company showcased at the Consumer Electronics Show 2021 event. According to leading South Korean news agency Yonhap, LG has told its suppliers, including Chinese display maker BOE, to put the development of the LG Rollable project on hold; however, the exact reason for this remains unclear. As per market researcher Counterpoint Research, LG shipped 24.7 million smartphones last year, down 13 percent from a year earlier, and was the ninth-largest smartphone vendor with a global market share of 2 percent. A spokesperson told the publication, “I can firmly deny that any such decision on future mobile products has been finalised,” indicating faint hope at LG Rollable’s commercial launch. However, another LG spokesperson told Yonhap that nothing can be confirmed at this point regarding the company’s plan for a rollable smartphone – indicating the uncertain future of the device.