Foldable smartphones will be all the rage at the Mobile World Congress 2019 in Barcelona next week. Earlier reports had suggested that perhaps LG might announce one of its own alongside its new flagship smartphones. However, the Korean company has now revealed that it does not have plans to unveil a foldable smartphone at MWC 2019.

Samsung is expected to lead the pack of foldable smartphone announcements this year by unveiling its device on February 20th. Others like Huawei and Xiaomi are set to follow suit at MWC 2019. LG was previously expected to throw its hat in the ring as well.

It was a fair assumption given that the company has brought massive rollable TVs to market, so clearly it has the technological expertise to develop flexible OLED panels. However, it appears that LG feels it’s “too early” to launch a foldable smartphone.

LG Electronics mobile and TV chief Brian Kwon said that “We have reviewed releasing the foldable smartphone when launching 5G smartphone but decided not to produce it.” He added that LG’s focus right now is to regain its position in the smartphone market so given this situation, “it is too early for LG to launch a foldable smartphone.”

He doesn’t rule out the possibility completely but the comments make it seem like LG first wants the foldable smartphone market to mature a bit before deciding to compete in it.

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