{"id":13429,"date":"2026-05-28T15:45:55","date_gmt":"2026-05-28T14:45:55","guid":{"rendered":"https:\/\/innovatenews.site\/index.php\/2026\/05\/28\/lg-might-be-done-making-tvs-after-nearly-60-years\/"},"modified":"2026-05-28T15:45:57","modified_gmt":"2026-05-28T14:45:57","slug":"lg-might-be-done-making-tvs-after-nearly-60-years","status":"publish","type":"post","link":"https:\/\/innovatenews.site\/index.php\/2026\/05\/28\/lg-might-be-done-making-tvs-after-nearly-60-years\/","title":{"rendered":"LG might be done making TVs after nearly 60 years"},"content":{"rendered":"
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The topic LG might be done making TVs after nearly 60 years<\/strong> is currently the subject of lively discussion \u2014 readers and analysts are keeping a close eye on developments.<\/p>\n

This is taking place in a dynamic environment: companies\u2019 decisions and competitors\u2019 reactions can quickly change the picture.<\/p>\n

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Update: May 28, 2026 (7:28 AM ET): LG has now strongly denied the report that it is shutting down its television business or selling it to Hisense.<\/p>\n

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In a statement shared with Android Authority, the company announced the following:<\/p>\n

Interestingly, the original EBN report that sparked the speculation has also since been removed from the publication\u2019s website, though it\u2019s unclear why the article was taken down, as the publication did not provide any explanation for the same.<\/p>\n

Original article: May 28, 2026 (12:36 AM ET): LG may be getting ready for another major exit from consumer tech. according to the data Korean outlet EBN, the company recently discussed restructuring plans for its TV business with Chinese electronics giant Hisense, including the possibility of a full sale.<\/p>\n

The report claims LG executives traveled to Beijing and met with senior Hisense officials to discuss the future of LG TVs. Neither company has confirmed a deal, so it\u2019s difficult to validate these claims just yet.<\/p>\n

Still, even the possibility of LG exiting the TV business is big news.<\/p>\n

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LG has been one of the biggest names in televisions for decades. Its TV roots go all the way back to 1966, when its predecessor GoldStar launched Korea\u2019s first black-and-white TV. If LG exits the TV business, it would effectively end nearly 60 years of the company\u2019s TV manufacturing history.<\/p>\n

Android fans may remember this feeling well. In 2021, LG shut down its smartphone business after years of losses, ending beloved phone lines like the LG Wing and V-series. At the time, the company announced it wanted to focus on more profitable areas such as EV components, smart homes, and robotics. This latest report suggests LG could now be applying the strategy to its TV business.<\/p>\n

The timing also reflects the changing smart TV market. Sony also recently sold a majority stake in its TV business to TCL, which, along with Hisense, has rapidly gained ground with aggressive pricing and improved quality. according to the data market research firm Omdia, TCL and Hisense now hold global TV shipment shares of 14% and 12.5%, respectively, putting a lot of pressure on brands like LG and Samsung.<\/p>\n

Even if LG eventually steps back from making TVs, the company may still stay involved in the entertainment space. EBN says LG could focus more on its webOS platform and software services for monitors, automotive systems, and smart displays rather than building TVs itself.<\/p>\n

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