Company Lg is considering the possibility of leaving the smartphone market in 2023 year… Over the past five years she has lost about $ 4.5 billion… LG CEO informed employees about it Kwon Bong Suk…
“As the competition in the global mobile device market gets fiercer, it’s time for LG to make a cold and better choice. The company is considering all possible measures, including the sale, withdrawal and reduction of the smartphone business, “- said in the message.
LG has confirmed the authenticity of internal correspondence with The Verge, noting that nothing has been decided yet:
“The management of LG Electronics intends to make all the necessary decisions to solve the problems of mobile business in 2023. To date, nothing has been decided. “
The company previously promised “Wow factors” in an effort to attract consumers and make the mobile division profitable. LG has tried several times to compete with Samsung and Huawei via G7, V40, G8 and V50but it wasn’t enough to increase market share. Latest LG smartphones Velvet and Wing offered something new, but none of them received a positive response.
Read also: Samsung will gradually abandon chargers and headphones in smartphone boxes…
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