The End of LG Smartphones...

Lew Later

Quickscope Media

Tech News, News, Technology

4.8 • 1.9K Ratings

🗓️ 3 April 2021

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tough times for LG's smartphone business. Go to http://hellofresh.com/lewlater12 and use code lewlater12 for 12 free meals including free shipping! Lew's Laptop - https://www.lenovo.com/us/en/laptops/thinkpad/thinkpad-x1/ThinkPad-X1-Nano/p/22TP2X1X1N1 Get a Latercase - https://latercase.com

Transcript

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0:00.0	We are kicking it off today with a bit of an unfortunate report, but it is just that
0:07.0	a report for the time being LG will reportedly announce closure of smartphone business on
0:14.7	April 5th.
0:17.1	Whoa.
0:20.2	The rumors were there.
0:22.1	We talked about the rumors here on the show, but never was there a date put on it and
0:27.8	there also was a rumor that they were going to find a buyer that you would, they would
0:33.3	be, uh, believe it or not, one of the companies in question that that was in talks to at
0:38.8	least it was a rumor to acquire the smartphone business was Volkswagen, which is funny because
0:44.4	they had to their very own fiasco recently with the volts and all the rest of it.
0:49.6	Yeah.
0:50.6	LG has done some cool things in smartphones, man.
0:55.3	Recently, the wing and then they showed off the rolling thing at CES, well, not at CES,
1:04.0	I don't know, were they at CES?
1:06.6	You know, the virtual version of it, sure.
1:10.0	Look at that.
1:11.0	They're doing cool things.
1:14.4	It's hard, man.
1:15.4	The smartphone business is hard.
1:16.8	It's so competitive and it's just hard to stand out right now.
1:23.8	Their smartphone business hasn't been profitable since 2015, I believe, and you can't keep
1:28.7	losing money.
	...

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