trending
  • #OnePlus 8
  • #Redmi K30
  • #Note 20
  • #Realme X3
  • #Galaxy S10
  • #iOS 14
  • #OxygenOS 11
  • #MIUI 12
gizdev-logo
  • NEWS
  • DEALS
  • TECH
  • HOW TO
  • DOWNLOADS
    • Stock Wallpapers
    • Stock Ringtones
    • THEMES
  • ANDROID
    • Rooting
    • TWRP Recovery
    • Unlock Bootloader
    • Custom Roms
    • Google Camera
  • UPDATES
    • OTA
    • Firmwares
No Result
View All Result
gizdev-logo
No Result
View All Result
Home Android

LG May Quit Smartphone Business Soon, Loses $4.5 Bn Over Five Years

by Abhishek
January 21, 2021
in Android, News

The LG is in the smartphone market from a long time. The south Korean giant made its impact in the early days of smartphone evolution. Now LG may quit smartphone business anytime soon. LG has recorded losses of over 4.5 billion dollars over the last five years of their smartphone business.

LG May Quit Smartphone Business Soon, Loses .5 Bn Over Five Years

Earlier, the news surfaced LG is not quitting the smartphone market. But now again news is surfaced about LG considering to quit the smartphone business. In 2019 LG stopped making smartphones in home country South Korea and moved their operations to Vietnam. Maybe the beginning of the end started that day.

LG smartphone were clearly way better than others. But the price they were launched initially was way way too much. After that insane pricing they were just selling at almost 40% of that price after a month of launch. They even lacked in marketing their smartphones. The products were great but the pricing and marketing they used, dragged them down.

LG may quit smartphone business

The Korea Herald reports, Kwon Bong-seok sent an internal memo to the staff indicating change in direction of LG Phone’s business. LG is going to resolve its smartphone problems and issues. It may end up quitting the smartphone market as per the leaks.

Since the competition in the global market for mobile devices is getting fiercer, it is about time for LG to make a cold judgment and the best choice. The company is considering all possible measures, including sale, withdrawal, and downsizing of the smartphone business.

LG official in a statement to The Korea Herald.

Also, LG has confirmed the verge for the internal memo about changes in the smartphone business was genuine. Earlier the same news was revealed and LG denied it. LG also sold their 55K rupees launched the smartphone at 20K rupees in India in bulk numbers. Recently, launched LG wing also gathered some attention but not sure about its sales. Also, they have already teased a rollable smartphone and it will be coming this year.

Lots of changes will be seen in coming weeks for LG smartphone business. We will update you on every changes. Stay tuned for more updates, If you like this type of latest news, please share it with other communities and forums. Don’t forget to join our telegram group for more wallpapers, Themes, Ringtones Update – https://getdev.me/telegramdev

Tags: news
Previous Post

Download Nokia 3.4 Stock Wallpapers in HD+ Resolution

Next Post

Download LineUI MIUI Theme For MIUI Devices [VIP Theme]

Abhishek

Abhishek

A Mechanical Engineer, blogger, content writer, and digital marketer. A hardcore tech enthusiast. Loves to try out the new tech especially in the Android world. Apart from content writing, he loves gaming and traveling. Shoot a mail, top write your content.

Related Posts

Redmi Note 10 Series Launched India starting 11999 Rupees

Redmi Note 10 Series Launched India starting 11999 Rupees

Redmi K40, Redmi K40 Pro, Redmi K40 Plus launched In China Insane Pricing

Redmi K40, Redmi K40 Pro, Redmi K40 Plus launched In China Insane Pricing

Pubg Mobile New State Pre-registrations are now open, Pubg Mobile 2.0

Pubg Mobile New State Pre-registrations are now open, Pubg Mobile 2.0

Realme Narzo 30A, Realme Narzo 30 Pro 5G Launched In India

Realme Narzo 30A, Realme Narzo 30 Pro 5G Launched In India

Leave Comment

DOWNLOADS

LATEST

Install Wavelet App to improve sound quality with automatic EQ

Download Redmi Note 10 Series Stock Wallpapers

Download Redmi Note 10 Series Stock Wallpapers

Redmi Note 10 Series Launched India starting 11999 Rupees

Redmi Note 10 Series Launched India starting 11999 Rupees

Download Google Camera For LG Wing GCam 7.3 Version

Download Google Camera For LG Wing GCam 7.3 Version

The Gizdev is a tech blog about the latest Android devices news, leaks and exclusive deals
In addition to this, Gizdev have the stock wallpapers, how to root guides & some of the awesome cool themes

CONTACT INFORMATION

ABOUT US

CONTACT US

PRIVACY POLICY

EDITORIAL POLICY

CONNECT WITH US

© 2020 GizDev. Made with ❤️ in India

No Result
View All Result
  • NEWS
  • DEALS
  • APPS
  • THEMES
  • WALLPAPERS
  • STOCK RINGTONES
  • GOOGLE CAMERA

© 2020 GizDev. Made with ❤️ in India