LG Optimus Pad
Has LG concluded that the tablet market is already overcrowded and no longer profitable?

LG has told The Verge that it has no plans to develop further tablet devices such as its Optimus Pad LTE (right), and will concentrate on smartphones instead.

Given that arch-rivals Samsung, Sony and Apple have all made a major play for the tablet market, LG's decision seems – on the face of it – an odd one.

However, following Microsoft's announcement earlier today of its two new Surface tablets, perhaps LG has concluded the market is already overcrowded.

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