For many domestic mobile phone users, today's LG has no sense of existence. But at one time, LG was also the third largest mobile phone manufacturer in the world, and it was favored by many users.
In recent years, LG's mobile phone has begun to decline, and even recently it has been reported that LG will close its smartphone business.
According to CCTV,Recently, it has been reported that LG is likely to close its mobile phone business instead of selling it. It is expected to announce its plan early next month. LG said the final treatment plan has not yet been finalized.
With the increasing competition in the smart phone market, LG's mobile phone business is decliningNow it has lost 23 quarters in a row. By the end of last year, the accumulated deficit reached about 28.8 billion yuan.
Even in the second half of last year, when South Korea's smartphone consumption began to recover, LG's mobile phone sales did not pick up.
In January this year, LG released the video of its first scroll screen concept mobile phone and planned to launch it this year. But now, although LG says the new model is still under development, it is generally believed that the project may have been shelved.
Last year, LG's mobile phone market share in South Korea was 13%, far less than Samsung's 65%, but it still has a certain influence in the low-end mobile phone market.
If LG withdraws, all sectors of society are worried that it will accelerate Samsung's monopoly in the Korean mobile phone market.
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