LG confirms that it will not release a foldable smartphone for the time being

LG has confirmed that it will not release a foldable smartphone for the time being. Competitors such as Samsung and Huawei do, but LG first wants to focus on capturing market share with 5G models.

Suspected LG V50 ThinQ. Source: @evleaks

LG says it is technically ready to produce a foldable smartphone, Korea Times reports. “We looked at the release of a foldable smartphone when we were going to make a 5G phone, but we decided not to put it into production.” Competitors are coming with smartphones with folding screens. Samsung, Huawei and Xiaomi, among others, will do this, with which a new category of smartphones is on the way.

The South Korean manufacturer explains that the company focuses on two series of smartphones. The V series, in which the V10, V20, V30 and V40 ThinQ appeared so far, will become the 5g series. Where the earlier V phones appeared in the fall, the V50 ThinQ 5G will be released this spring. The G series will consist of 4G smartphones. LG is currently a relatively small player in the smartphone market. Samsung, Apple, Huawei, Xiaomi, Oppo and some other manufacturers, among others, sell more smartphones than LG.