LG becomes first major smartphone brand to withdraw from market

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

The division has logged nearly six years of losses totalling some US$4.5 billion. FMTNews

SEOUL: South Korea’s LG Electronics Inc said on Monday it will wind down its loss-making mobile division — a move that is set to make it the first major smartphone brand to completely withdraw from the market.

In better times, LG was early to market with a number of cell phone innovations including ultra-wide angle cameras and was once in 2013 the world’s third-largest smartphone manufacturer behind Samsung and Apple. In addition to North America, it does have a sizeable presence in Latin America, where it ranks as the No 5 brand.

LG’s smartphone division — the smallest of its five divisions, accounting for about 7% of revenue — is expected to be wound down by July 31.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 5. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

LG Electronics fans bemoan end of era as firm exits smartphone businessFans of LG Electronics smartphones rued the loss of more affordable Android-based devices after the South Korean tech company said on Monday it would quit the business, with some praising LG for the innovation it brought to the industry.
Источник: staronline - 🏆 4. / 75 Прочитайте больше »

LG becomes first major smartphone brand to withdraw from marketCurrently LG phone global share is two percent, shipped 23 million phones last year. Blackberry should come back strong ...
Источник: malaysiakini - 🏆 20. / 51 Прочитайте больше »

LG officially closes down its global smartphone business | SoyaCincau.comWe won't see any more wacky ideas like the LG Wing, with the South Korean company officially closing down its global mobile business.
Источник: Soya_Cincau - 🏆 16. / 55 Прочитайте больше »

LG becomes first major smartphone brand to withdraw from marketCurrently LG phone global share is two percent, shipped 23 million phones last year. Blackberry should come back strong ...
Источник: malaysiakini - 🏆 20. / 51 Прочитайте больше »