The mobile phone industry is facing fierce competition,Some time ago, byte's nut brand announced the suspension of mobile phone research and development, and now LG has withdrawn from the smartphone market.
April 5 news, LG Electronics announced that LG will withdraw from the mobile phone market.
LG said in a report,Due to the long-term downturn in the sales of the company's mobile phone business and the fierce competition from its competitors in the industry, its mobile communication department will no longer produce and sell mobile phones.
LG has previously said that its mobile phone business does not rule out the possibility of selling, downsizing, closing or maintaining the status quo.
According to people in the industry,The cold winter of mobile phone market has come. The quarterly shipment volume of global smart phone market has dropped year after year, and the Matthew effect has intensifiedThe stronger the strong, the more difficult it is for the weak to survive.
Like Nokia, LG has had a glorious time, and made brilliant achievements in the 2G and 4G era.
However, with the strong rise of China's mobile phone brands, LG has been losing ground since 2015.
Public information shows that LG mobile business has suffered losses for 23 consecutive quarters since the second quarter of 2015. As of the fourth quarter of last year, the accumulated losses of the Department amounted to 5 trillion won (about 29.3 billion yuan).
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