LG may withdraw from the smartphone market completely

The South Korean producer LG, which as soon as did fairly effectively in the smartphone market, later couldn’t deal with its Chinese language rivals and misplaced its reputation.

The corporate, which now focuses on the center section as an alternative of the flagship fashions and needs to compete right here, apparently nonetheless has not achieved what it desires.


LG CEO Kwon Bong-seok withdraw from the smartphone market. Whereas expressing clearly, he said that if there is no such thing as a withdrawal, promoting or shrinking can be on the desk.

LG may withdraw from smartphone market completely #1

The truth is, the information that LG would withdraw from the smartphone market first appeared in 2019. Nevertheless, the South Korean firm, which made an announcement, denied the allegations.

LG’s smartphone unit in the final 5 years $4.5 billion loss If we expect that the smartphone market will lose one other big model, we are able to now have a look at it with certainty.

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