LG which launched rollable TVs this year shies away from making foldable phones

LG says it has decided not to produce foldable smartphone as it plans to regain its market share by launching 5G smartphone.

In this Wednesday, Oct. 31, 2018, photo, Royole Corporation founder and CEO Bill Liu unveils what is described as the world's first commercial foldable smartphone called the Royole FlexPai. (AP)

One of the pioneers in flexible displays, LG, believes it is too early to introduce smartphones that fold, even as other manufacturers are battling to be the first in the foldable smartphone race.

Kwon Bong-seok, LG's president and head of the mobile communications (MC) division and home entertainment (HE) division, said during a press conference that the company is seeking a rebound in the business by focusing on phones using 5G.

As for the foldable smartphones, Kwon said that the company has already introduced a rollable TV which is one step ahead of foldable technology. LG decided not to produce foldable smartphone as it plans to regain its market share by launching 5G smartphone.

LG said it will introduce the V50 ThinQ 5G and G8 ThinQ smartphones ahead of the Mobile World Congress (MWC) in Barcelona.

At this year's Consumer Electronics Show in Las Vegas, LG was one of the top companies to launch rollable screens, albeit for larger devices like TVs. The company showcased a 65-inch OLED TV that can be rolled like a poster.

(With inputs from HT Correspondent)