LG has dismissed rumours in the Korean press that it is thinking about pulling out of the Samsung-dominated smartphone business.
The company says it is “more committed than ever” to the mobile market, and such has been the blowback over the affair that ET News, which published the allegations, has since pulled the story.
The theory behind the rumour is that LG has seen the gap in the smartphone market between itself and fellow Korean electronics giant Samsung open up over the past few years.
While Samsung was going from strength to strength with the Galaxy S series and breaking new ground with the stylus-equipped Galaxy Note phablet, LG was licking its wounds after completely failing in its attempts to take 3D mobile into the mainstream with the Optimus 3D and Optimus Pad.
Contrast that with the smart TV market, where LG has remained a leading player, and you'd almost be forgiven for believing a move by LG to pull out of the former and focus on the latter was viable.
But that would be ignoring the past six months or so, which has seen LG pull its socks up in a big way in producing the highly impressive G2 smartphone and G Pad tablet, on top of getting the nod from Google to make a second-generation Nexus 5 smartphone to follow last year's Nexus 4.
No surprise, then, that LG has hit back hard against the ET News rumour. Here's what the company had to say in a statement to Mobile World Live:
“We are more committed than ever to making the LG brand a major player in the mobile space and we think our products this year speak for themselves.”
For the record, we do too, and it's good to see LG showing some backbone after being a middle-of-the-road player in the smartphone market for so long.