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LG restructuring

49

Nobody wants to buy LG's phone business

Nobody wants to buy LG's phone business

LG's continued existence in the world of Android is looking less and less certain by the day. Despite hinting at signs of life after its LG Rollable passed through Bluetooth certification last week, new reports suggest that LG might still leave the smartphone industry entirely by shutting down its mobile division altogether.

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3

LG will outsource more phones to cut costs amid floundering mobile efforts

LG will outsource more phones to cut costs amid floundering mobile efforts

LG is planning to outsource more of its low-end and mid-range smartphones, according to a report from Reuters. The change would increase design and manufacturing for more lower-end LG phones to third-party ODMs, while keeping LG's branding. The change is likely meant to reduce costs and increase long-term sustainability as LG's mobile efforts continue to fail.

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