LG Electronics, once one of the top five smartphone manufacturers in the world, is facing unprecedented difficulties.
According to the latest news, the sale negotiation of LG's mobile phone business failed,Potential buyers have lost interest.
According to the source,LG will announce its decision to close its mobile phone business as soon as next MondayRelevant employees will be arranged to the household appliance factory in Changyuan, South Korea.
At the same time, the production of LG scroll screen mobile phone and LG wing has also stopped, and all new machines scheduled to be updated in the first half of the year have been shelved.
Even worse,For tens of millions of LG users in stock, the government will stop software update services, including but not limited to system upgrade, security patch push, etc.
According to the data, since the second quarter of 2015, LG's smartphone business has suffered losses for 23 consecutive quarters. As of the fourth quarter of last year, it had accumulated as high as 5 trillion won, about 29.3 billion yuan. According to the data of counterpoint, LG's mobile phone shipment in the third quarter of 2020 was only 6.5 million, with a global share of only 2%. In addition, LG's mobile phone actually withdrew from the mainland market as early as four years ago.
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