LG’s Exit From Smartphone Business Puts Pressure on Underperforming Brands

lg-smartphone-business-underperforming-brands

If you have been following the tech scene for even the last few years, you would have undoubtedly heard of a company known as LG. One of the most well-known appliance manufacturers struck out when it came to smartphones, as is evident by its demise, which, according to some, came a bit too late.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Having been responsible for solid devices under its G-series,  which was quite popular back in the early 2010s, the company dipped from its once well-known position within the market to a point where even technically sound people would ask about whether or not LG still existed in the market.

lg-brands-smartphobe-business

Despite this, the company kept pushing, offering products that provided dual-screen displays via a unique form factor, dependent on a flip-case that consisted of a secondary screen, followed by a T-shaped dual-screen device dubbed the LG Wing.

Some of the company’s latest devices include the LG G Flex capable of providing a self-healing back, the LG G8x ThinQ sporting a detachable screen via the previously mentioned flip case and the V-series which promised to offer users great cameras with features focused on videography.

Why Did LG Decide To Pull The Plug On Its Smartphone Division?

lg-smartphone-business-end

While there is no specific sureshot answer, one would point towards overall sales in the market. LG had a market share of 2% as of 2020; with the company shipping mere 23 Million devices in 2020 in comparison to Samsung’s 250 Million. This, to most, seemed like a huge fall from grace, considering that back in 2013, LG was the third-largest smartphone company.

Add to this the lacklustre response towards its flagship devices, the company effectively became a mid-range competitor, battling it out with the likes of TCL, Samsung, Motorola rather than at the front with OnePlus, Apple etc.