No, LG isn't giving up on the smartphone business.
LG responded to a report by Korean publication ET News thatand towards televisions, dismissing it as "completely untrue."
"We are more committed than ever in making the LG brand a major player in the mobile space," an LG representative said on Friday. "And we think our products this year speak for themselves."
Furthermore, LG said the report was based on "non-credible sources and uninformed speculation."
Had LG pulled out of the smartphone business, it would have been a curious move. The company last month
It's just the latest in questionable reporting from a Korean publication. Mobile chip designer ARM earlier Friday dismissed a rumor from the Korea Herald that, noting that such a chip isn't really needed. ARM claimed the comments cited in the report were made up.