LG stops development of Rollable foldable smartphone

Sources say LG stops the development of three innovative smartphones, in of which and LG Rollable.

Why?

South Korean tech giant has halted development on three projects, according to BizChosun report OLED displays… It was expected that these displays will be used for foldable devices.

These projects were developed jointly with renowned display manufacturer BOE. Therefore, BOE now has claims for the cost of development, but about what exactly is the amount of costs in question — not yet known.

This decision may be related to weak sales of LG Wing с two screens. Formerly LG planned to focus on release of devices with unusual design and innovative technologies, but until it succeeds brought. IN result in rumors circulated on the network that LG going to leave smartphone market.

Recall LG Rollable — smartphone s stretchable display, the concept of which was shown on at CES 2021 in the beginning of the year. They promised that he will go to sale already in this year but if the above information is confirmed, LG Rollable so and will remain a concept.

Source: BizChosun, Gizmochina

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