[3] The V50 is largely identical to the V40 externally, albeit with a flush rear camera similarly to the LG G8 and a 5G logo above which lights up in different colors depending on the carrier.

To compete with folding smartphones, the device offers a case accessory known as "LG DualScreen", which contains a second, 6.2-inch 1080p display panel.

Chokkattu stated that "we found the image quality to be lacking when compared to competitors" and criticized the user interface as being "clunky and cluttered", but praised the second screen for having a "polished experience".

[9] PC Magazine was positive of the audio quality and performance, while noting that battery life was average despite the increase in capacity.

[10] Tom's Guide had similar views, stating that having faster 5G speeds "[isn't] enough to justify its steep price, especially when you consider its poor battery life and dated design".