The main influx of foldable smartphone announcements is near, with Samsung, Huawei, Xiaomi and others expected to show gadgets this month. In any case, the one organization everyone’s expected to go along with them — LG — says it’ll be sitting this one out.

Despite the fact that LG is the same company that has been wowing us with rollable TVs, it just told correspondents that it’s “too soon” to produce a foldable phone.

This is what LG Electronics mobile and TV boss Brian Kwon said amid a press conference in Seoul, as detailed by The Korea Times:

“During the Consumer Electronics Show in January, LG presented a rollable TV. This is a trendsetting technology one step ahead of foldable technology. We have looked into releasing the foldable smartphone when launching 5G smartphone, however, chose not to produce it,” Kwon said.

“The market demand for smartphones is expected to be at around 1 million yet LG’s principle issue in smartphone business is to recapture its market position. Considering this circumstance, it is too soon for LG to roll out a foldable smartphone. As far as technology is considered, we are completely prepared to respond depending upon consumers’ responses (to foldable smartphones).”

It’s not exactly obvious from those deciphered statements whether LG has yet to even try and build a foldable smartphone, or simply isn’t prepared to launch one in light of the fact that the demand may not be there, yet the latter appears to be plausible. It’s quite evident that bendy gadgets are still in the early stages, with little consensus on the best form factor — TCL is purportedly attempting five different designs! — and heaps of unanswered inquiries regarding how practical they’ll be in reality.

“What I can say is that we’ve been looking at this form factor for a long time,” an LG representative discloses to The Verge.

Talking about LG’s traditional smartphones, the organization has two new flagships coming up fast. The Korea Times says LG has now officially confirmed that the 5G-enabled V50 ThinQ and LG G8 ThinQ will each be announced at the organization’s press conference at Mobile World Congress later this month, with the V50 shipping between March and April.

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