Mr Ahn made the announcement yesterday at CES 2017 where he also reiterated LG’s commitment to its smartphone division, despite its recent slump. “Spinning off the smartphone division is not something we would consider,” Mr Ahn said.
According to The Wall Street Journal, an LG spokesperson also said that the LG G6 would focus on aesthetics and usability rather than modular function, following consumer feedback. Additionally, the spokesperson revealed that the phone would be similarly priced to the LG G5 (which launched for around $600) and could be unveiled at MWC 2017 in February, though a couple of other dates were still being considered.
LG Mobile Communications saw its sixth straight quarterly loss in Q3 2016 — which was also its worst ever. Its Home Entertainment division, meanwhile, recorded its highest-ever profit.
For more on LG at CES, head to our dedicated CES 2017 page.