LG Ceases XR Product Efforts

An anonymous reader shares a report: LG has ceased its XR product commercialization efforts, it confirmed, though will still continue long-term R&D. The news of LG ending its XR product plans was first reported by South Korean news outlet The Bell, citing an industry source. In a statement given to the outlet, LG confirmed the claim but clarified that it will still continue long-term XR research and development. According to The Bell, LG took the decision because it believes the XR market isn't growing as quickly as it expected, and it wants to focus more on heating, ventilation, air conditioning (HVAC) and robotics.

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