LG on the Verge of Exiting Smartphone Market

LG has been struggling to establish itself in the smartphone market for almost a decade now but it has failed to do it so far. The past five years have been rough as the company has lost over $4.5 billion. The company is nowhere near its rivals, and it’s high time for them to make a call about their future in the smartphone market. The CEO Kwon Bong-Seok has already informed the employees that LG is considering some huge changes in its smartphone business in the coming months. 



Acknowledging the fierce competition in the global smartphone market, Kwon has told his employees that the company will now take the final call about its future. They will be considering all the options including withdrawal, sale, and downsizing. The company has made it official and although nothing is decided yet, there is a possibility that we might see the end of LG as a smartphone manufacturer. 

A few weeks ago, there were reports that LG was considering exiting the smartphone market but the company came out and called all such reports false and without merit. However, it seems that there was some truth to those reports and the company was not ready to accept it back then. As of now, LG will be banking on the “wow factor” of some of their smartphones to attract more consumers. LG has already launched several devices that are unique like G7, V40, V50, and the G8 but they have failed to compete with smartphones by Samsung and Huawei. All of those efforts have been futile to push their market share.

LG’s latest Wing and Velvet smartphones are another such efforts to woo users but they are also likely to fail. Xiaomi, Samsung, Huawei, Vivo, and Apple continue to dominate the world smartphone market while LG lags far behind. The latest Rollable phones by LG might just be their last attempt to differentiate themselves from their competition. The unique resizable screen in the Rollable device does seem innovative and useful but only time will tell how consumers will respond.  As of now, it seems that the Rollable phones will be their last bet. LG has struggled for a long time but the consumers have rejected them. Only time will tell if the Rollable phones work for them or not. But it is almost certain now that they will be LG’s last attempt to woo smartphone users. If they fail this time the Rollable devices might be the last LG phones that we see. 

Source: LG on the Verge of Exiting Smartphone Market

Comments

Post a Comment

Popular posts from this blog

5 Tricks to Ensure a Safe Public Wi-Fi Usage

Image
As per a survey conducted, 70% of tablet owners and 53% of smartphone / mobile phone new owners use public Wi-Fi hotspots. However, because data sent over public Wi-Fi can be easily intercepted, many smartphones and laptop users keep their personal information, digital asset, and money at stake. Besides that, if one ‘s device or computer is not safeguarded by an effective protection and anti-malware product, the risks are magnified. Hacking and hackers are always a problem in the online world. We all try to get safe and secure, but there are times when we don’t know that our privacy is at stake. Public Wi-Fi is increasing day by day. Gig work culture is increasing, and people are finding it easy and refreshing to work from public places like coffee houses or parks. In desk jobs, people will get stick to the screen, and working in a public space will cheer up the mood and remove the dullness. Do you also use public Wi-Fi? If the answer is yes, you’re in the eye of hackers. But ...
Read more

Best Mac Apps in 2021

Image
  MAC comes with a large number of built-in apps. However, you should install a variety of important apps on your Mac to complete various activities. Many important mac applications assist you in removing malware, listening to music, managing passwords, simple painting, watching movies, removing unwanted applications, and performing a variety of other tasks. The best Mac apps for Interface Alfred Consider Alfred to be a mix of Spotlight and Siri. This is an application launcher, but it can do more. You can use Alfred for quick calculations, online research, and word meaning search. It bridges the gap between Siri and your Spotlight search by allowing you to automate processes and do advanced duties that Siri, in my opinion, should be capable of handling without voice input. Version 4 adds rich text snippets, improves the workflow designer, and more. Magnet Viewing multiple windows side by side is not always easy, but Magnet offers many possibilities. The design of the program allow...
Read more

NASA Is Manufacturing Space Telescope Specialized for Hunting Asteroids

Image
An asteroid wiped out dinosaurs some 64 million years ago. And, there is no saying that something like this couldn’t happen to us. And, considering that, this new development at NASA makes more sense. Recent reports have alluded to the fact that NASA is considering a range of steps in view of their planetary defense project. And, part of the efforts to defend the planet from space objects is building a telescope that can hunt for threatening asteroids. If you are not well caught with recent news regarding asteroids, here is the synopsis. It was revealed in 2019 that humans could not accurately predict when a catastrophic asteroid collision might happen with earth. It means that if an asteroid is predicted to graze past Earth thirty years from now, there is no saying that it will happen thirty years from now. It could happen today, it could happen tomorrow, and it could happen within hours. Yes, it’s a complicated concept. But, space, as you know, is not a child’s play. Anyways, an infr...
Read more