LG Becomes First Major Smartphone Brand to Withdraw From Market Due to Losses
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Nothing much changed
Its just that, there won’t be any new phones from LG
https://www.lg.com/global/mobile/mc-announ...nt
So Unfortunate.
Amazing devices and innovations but less focus on quality and software killed them.
Also, they failed in marketing and never focused on markets like India properly.
I haven’t seen any other big mobile company being as bold as LG for innovations.
Nexus 4, Curved LG G Flex2, first wide angle camera, modular LG G5, LG Wing and so many other innovations.
Good thing with LG was we were able to get one year old flagship at midrange price.
Will miss them.
…by the way LG phones are still better than chinese craps…
Way better. 😔
LG shutting down its mobile phone business worldwide
So sad 
When no major brand will be in market, Chinese brand will increase price.
I think currently only Samsung is in competition with Chinese brand.
HTC was also making good phone but it also gone.
Chinese brands have many service center compared to LG/HTC or such other brand (it is other point that quality of service).
Any brand that cannot adapt to current market conditions.. won’t survive
Samsung survived because they stopped relying on their flagship phones alone to capture markets (Say India)
There were times when samsung used to sell shitty J series (J7/J7 were decent) phones Excluding many sensors for cheaper price but thanks to chinese competition, galaxy M series happened + we got better samsung phones (M20 series was a big win for them)
Problems with LG are, it depends heavily on word of mouth marketing; its low n mid-range phones are not good; it failed to show case its potential to users; it didn’t care about customers ( same problem with Asus).
Why can’t they merge with some other brand
Usual it happens in other sectors right
Now all the sellers will be in a rush mode to get the LG Mobile stock out of their inventory. I guess we can expect a lot of offers on these phones in the coming days.
Being over 2.5 year user of LG V30+ , I feel sad to see LG go.
My LG V30+ is given to my nephew and he is using it without any issues , with original battery.
Back cover cracked once and I replaced it myself in less than 1000.
Amazon phone.
Especially with Samsung dropping features like 3.5mm jack, there is no alternative now.
I thought Sony Mobile will close first but LG beat them.
Future looks like Chinese monopoly.
When Chinese will start increasing (they have already) ,it will be difficult.
I’m rather happy. Except that for the Chinese dominance part. LG is the only company which had hardware problems for 3 successive years, Nexus 5, Nexus 5X, G2 G3, G4, some motherboard soldering issue was it? Can’t even remember. And then there was their skin, third class piece of crap. Just like Samsung’s, even worse. Samsung should be out next for their skin (called One UI at the time of writing this message) but hey that’s not gonna happen now would it.
What’s issue with Nexus 5 except low battery and fragile ceramic power button? I still have it with me in intact condition but its matte back became dirty.
i think same will happen in TV as well if no proper care take by companies. Chinese companies are dominating slowly.
The South Korean brand’s mobile division has faced mounting losses over the past five years, reportedly totaling $4.5 billion. Abandoning the loss-making mobile business could boost the company’s operating profits, taking it to new highs, after last year’s record of 3.2 trillion won ($2.85 billion).
LG’s share in the global smartphone market stands at around 2%, according to the most recent data from Counterpoint. The South Korean electronics producer shipped only 24 million phones in 2020, while global leaders Samsung and Apple shipped nearly 256 million and over 201 million respectively. Those brands are expected to fill the gap left by LG.
@AyushiiiVijay I hope you aren’t using LG 
Smart phone business now is ultra cutthroat. And being most innovative doesn’t make a product instant hit.
https://www.gsmarena.com/in_memoriam_lgs_great_...
But they were way ahead of their time in terms of hardware and design innovation.
It was the flawed decisions of LG ( mobile) management which killed the brand eventually after six years of continuous loss. They couldn’t continue as loss making company for long.
( they’re not Amazon)
LG is not the 1st major company, HTC was. Even though they r selling in taiwan only but have retreated from major areas. I used lg g2. At that time it had one of the best cameras. Was an excellent phone. Their OS was pretty basic and it got me into modding phones 
. They always had good hardware.
Ericsson: am i a joke to you¡¿
LG promises three years of Android updates despite exiting phone business
The Velvet, Wing, and G- and V- series phones from 2019 or later should be getting three Android updates from their year of release
For example, the Velvet came out last year with Android 10, and its Android 11 rollout is currently in progress. That means that it should also be getting Android 12 and 13 at some point, assuming Google continues its yearly cadence. LG variously describes this announcement as a “three-year pledge” and a “three-OS-update guarantee.”
LG Electronics said 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.
Its decision to pull out will leave its 10 percent share in North America, where it is the No. 3 brand, to be gobbled up by smartphone titans Apple and Samsung Electronics.
The division has logged nearly six years of losses totaling some $4.5 billion (roughly Rs. 33,010 crore), and dropping out of the fiercely competitive sector would allow LG to focus on growth areas such as electric vehicle components, connected devices and smart homes, it said in a statement.
Currently its global share is only about 2 percent. It shipped 23 million phones last year which compares with 256 million for Samsung, according to research provider Counterpoint.