Thursday, June 21, 2012

LG to Sideline Tablet Development to Focus on Smartphones

Bloomberg reports that South Korea's LG Electronics has decided to "to put all new tablet development on the back burner for the time being in order to focus on smartphones,” according to company spokesperson Ken Hong. LG denied that Microsoft's announcement of its new Surface tablets was a factor in the company's decision. LG sells Android tablets, but their sales have been poor, so it's not a surprise that the company is pulling back until it becomes clear if, and how, other companies can successfully (and profitably) compete with the iPad.
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