TweakTown
Tech content trusted by users in North America and around the world
6,011 Reviews & Articles | 38,773 News Posts
TRENDING NOW: Windows 9 logo teased, with Microsoft's next OS 'coming soon'

LG wave goodbye to the tablet market, buys the smartphone market another round of drinks

LG leave the tablet market, concentrating on the smartphone market for now

| Business, Financial & Legal News | Posted: Jun 21, 2012 8:08 am

LG haven't been doing so well in the tablet market which is mainly dominated by Apple, Samsung and Amazon, but instead of making a constant loss, or barely breaking even, they're completely diving out of the market and concentrating solely on the smartphone side of things.

 

TweakTown image news/2/4/24634_06_lg_wave_goodbye_to_the_tablet_market_buys_the_smartphone_market_another_round_of_drinks.jpg

 

LG is focused on the smartphones big time, with company spokesman Ken Hong speaking to AllThingsD and being quoted here:

 

We decided early this year to focus exclusively on building up our smartphone portfolio, which includes the category of large five-inch display and over devices, such as Optimus Vu, which we feel addresses many of the content consumption issues with traditional mobile phones.

 

Considering the tablet market is pretty much sewn up from the aforementioned companies, unless you have a make-it-or-break-it tablet, why bother, right? On top of this, Microsoft's Surface tablet is sure to shake up the market, and why try to compete with someone like Microsoft? You know what? Personally, I think it's refreshing to see LG Electronics do this. Instead of seeing a company just pour unlimited funds into a market they might not see huge profits from, pull out of a market they aren't strong in, is actually refreshing.

 

LG, I salute you. I wouldn't mind seeing what you have in the future, but what of the Microsoft Surface tablet? Hong has said "Microsoft's announcement doesn't change anything here at LG". Good. Life is good at LG.

NEWS SOURCES:Allthingsd.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases