LG smartphones

LG was previously rumored to withdraw from the smartphone market due to years of losses.

Today, LG responded that it does not rule out any possibility and is discussing all feasible plans, and does not rule out the possibility of selling, reducing the scale of the business or maintaining the status quo.

LG smartphones

LG’s smartphone business has suffered losses for 23 consecutive quarters since the second quarter of 2015. As of the fourth quarter of last year, the department’s accumulated losses reached 5 trillion won (approximately $450 million).

Also Read: LG’s rolling phone to be called LG Rollable

According to industry insiders, ‘the cold winter’ of the smartphone market has arrived, and the quarterly shipments of the global smartphone market have been declining year after year. The Matthew effect has intensified. The strong companies will become stronger and for the weak ones, it will be more difficult to survive.

At present, LG has withdrawn from the Chinese smartphone market and has lost the opportunity to rise.

In overseas markets, LG smartphones have not performed as well as competing products such as Samsung and Apple in the North American market. Chinese smartphone brands such as Xiaomi, OPPO, and VIVO are also actively developing overseas markets.

LG smartphones are facing enemies in many ways in overseas markets. Many competitors are squeezing the living space of LG smartphones. If changes are not made in time, LG is likely to face the same ending as the Chinese market in the future.

Alas, not all so-called traditional smartphone makers will remain in the market. The competition is becoming more and fiercer. So those who have not made many improvements in the business, will appear out of the game.

Argam Artashyan

By Argam Artashyan

Back in 2010, he was dismissed from his position as a lecturer at the university. This made him get another job at his friend’s digital marketing company as a blog writer. After a few years, when he was thinking the article writing is his mission, Google pushed the Panda update and affected the company and websites he was working at. (Un)fortunately and surprisingly, he got an offer to head a large knitting factory. In 2016, he got his Ph.D. and resumed teaching at the University … and writing tech-related articles following his passion.