LG G7 may be delayed this year

LG will unveil smartphones “when it is needed” from now.
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LG will unveil smartphones “when it is needed” from now.
LG may be delaying the launch of this year’s G7 flagships smartphone.

LG may be delaying the launch of this year’s G7 flagships smartphone.

LG may be delaying the launch of this year’s G7 flagships smartphone. According to a report by the Korea Herald, Jo Seong-Jin, CEO of LG Electronics has said that the company will launch smartphones “when it is needed” from now. Jo said that LG won’t necessarily make announcements based on its competitors’ devices. Though the company plans to release high-end smartphones still, it wants to keep them relevant for longer.

LG should be announcing a loss from the smartphone space, which would mean that LG’s mobile division would have now reported losses for 11 quarters in succession.

Smartphones like the LG V30 are considered good.

Smartphones like the LG V30 are considered good.

While LG's CEO didn’t allude to LG’s financial problems for this decision, the company’s failure in the smartphone industry has been well documented. The Seoul-based tech giant has been responsible for some of the best smartphones this year, but the company is yet to make a real difference in terms of sales. Smartphones like the LG V30 are considered good, but have paled in comparison to high-end offerings from Samsung and other phone makers.

LG is also expected to release its financial results for Q4 2017 soon. In this, the company should be announcing a loss from the smartphone space, which would mean that LG’s mobile division would have now reported losses for 11 quarters in succession.