LG is going to leave the mobile phone market in China

Mobile unit of LG leaves China because of financial problems and high competition

LG is going to leave the mobile phone market in China

According to reports of many publications, LG Mobile is going to leave the Chinese market. Most likely, this is due to the recent "earnings" report for the fourth quarter of 2017 . The company recorded a large loss - $ 192.33 million. But the most important reason was very strong competition from Chinese smartphone manufacturers.

Prerequisites

There are no official reports on sales of smartphones in China for 2017, but it is estimated that in 2016 the manufacturer sold only 160,000 devices. Another alarm was that LG did not even present its top-end G6 and V30 smartphones in China. But they were announced in 2017. The latest smartphone, which was presented on the official Chinese website of the Korean manufacturer - LG G5 SE. The device was released in May 2016.

In the dry residue

The decision of the company seems logical. But do not forget that LG produces not only mobile phones, but also many other products. And the Chinese market will leave the mobile unit of the company.

Source: Gizmochina

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