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LG calls it a day in smartphone - News

Saf Malik April 29, 2021 After LG confirmed the demise of its mobile division in early April, we gathered the industry’s thoughts The demise of LG’s mobile division after 25 years was confirmed on April 5, with the disbanding of its smartphone operations expected to conclude by this summer. Despite once being one of the world’s premium smartphone vendors, the South Korean company had seen 23 straight quarters of loss in the sector and struggled to gain any sort of foothold in the market in recent times. LG’s mobile market share had steadily declined throughout the 2010s from eight per cent in 2008 to just one per cent last year.

Sony still up for the fight as i - Manufacturers

Saf Malik April 29, 2021 Vendor will face stiff competition to regain share after reaffirming commitment to mobile with new handsets It may have seemed unthinkable just a decade ago that the fortunes of two industry juggernauts in Sony and LG would dwindle down to almost nothing in mobile. The companies were among the world’s top-five most successful mobile brands, but LG’s departure from the industry after more than 25 years proved nothing is ever certain in the rapidly changing mobile industry. Like LG, Sony has other areas of its business that are thriving. The PlayStation 5 was one of the most sought-after consoles in history after its release in November 2020 and is on track to become the fastest-selling console in the US.

Blog: Why did life stop being good for LG? - Mobile World Live

Blog: Why did life stop being good for LG? - Mobile World Live 07 APR 2021 Despite its Life’s Good slogan, this week delivered a bleak outlook for followers of LG Electronics’ mobile handsets, as the company confirmed it would axe the loss-making division rather than selling it or following BlackBerry and Nokia down the licensing route. But how did it come to this, and where does this leave the mobile phone market in 2021? LG’s abandonment of the smartphone business comes as no shock to those who have followed the drip-feed of rumours in South Korea’s media tipping its imminent demise, or anyone who had read its recent financial results statements, with the division frequently dragging down the entire business.

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