A report from Korea’s ET News, alleging LG had started to shift some resources away from smartphones to smart TVs, has been branded “completely false” by the South Korean manufacturer.
“We are more committed than ever to making the LG brand a major player in the mobile space and we think our products this year speak for themselves,” said LG in a statement.
LG told Mobile World Live that it challenged ET News on the story’s facts. And because the news outlet couldn’t back up its claims, adds LG, the article was removed from the ET News website.
Mobile World Live last week described the media report as surprising given that LG’s devices unit has turned in a number of profitable quarters in recent years.
And through the company’s recently-launched G2, plus its association with Google for the Nexus 4 and Nexus 5 – and early support for LTE – LG has managed to secure a strong foothold in the premium smartphone market.