We donâ€™t need to rehash LGâ€˜s well-known struggles in the smartphone industry. The companyâ€™s been floundering for years now losing revenue, dropping market share, and shedding consumer trust. This week, a memo stemming from the companyâ€™s top brass suggested that itâ€™s exploring â€œall possibilitiesâ€� for its mobile division. This has led to rumors of a sell-off to another smartphone firm.
While this eventuality isnâ€™t something LG would want, it might be a valid option. Selling all or part of the companyâ€™s mobile division would allow it to focus on particular market segments. LGâ€™s strategy seemingly reflects this notion, too. It already outsources the manufacturing of its budget mobiles to other firms. This has let the company build more adventurous flagships, including the LG Wing and to-be-confirmed LG Rollable.
Arguably, for a company as established as LG, a sale to a competitor shouldnâ€™t be an option. The company remains a force in the US market, and while it seems like a distant memory it has produced a slew of excellent mobiles in the past. Fundamentally, itâ€™s still possible for it to regain its former glory.
We could probably play a lengthy game of pros and cons with LG, but we want to know from you what you think about the companyâ€™s prospects. Do you feel that LGâ€™s mobile arm should be sold? Or do you feel thereâ€™s still some fight left in the Korean marque?
Do be sure to vote in our poll above, and drop a comment down below if you have any pressing thoughts on LG or its wares.