Those rumors were quickly shut down by the brand when contacted for a comment, but now additional reports suggest LG does indeed have some important changes in the pipeline for its business.
LG could exit the premium smartphone business
In a statement sent to staff this morning, Reuters quotes LG CEO Brian Kwon as saying the following:
Devices in the premium segment, more commonly known as flagships, include the LG Velvet and LG Wing. The upcoming LG Rollable presumably falls in that category too, so whether its launch will go ahead as planned or not remains to be seen.
When PhoneArena contacted LG for a statement on the matter of exiting the premium smartphone segment, LG said the following: