by Jordi Bercial 2 hours ago …

As we have been able to read in Engadget , it appears that LG CEO Kown Bong-seok would be considering withdrawing from the smartphone market , a decision that he considers “cold” and that he has confessed in an interview with The Korea Herald.

From the brand we talk about the great competition that exists in this market, where we can clearly see how the main telephony brands rise like foam, while that LG is in a mostly static panorama, although with very interesting proposals that are part of Kwon’s plan , which took the reins of the company a year ago, and that was to make LG’s smartphone business profitable for 2021.

Although terminals like the LG Wing are very interesting models, the cold truth is that with a 1. 71% of market share and a division that has 6 consecutive years of economic losses , It is possible that a timely withdrawal is what LG needs in order to move forward.

In any case, this would be the end of LG’s smartphone division , which in any case may continue to supply components such as screens for other brands, in addition to the The rest of the company will continue to function as usual.

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Jordi Bercial

Avid technology and electronics enthusiast . I messed around with computer components almost since I learned to ride. I started working at Geeknetic after winning a contest on their forum for writing hardware articles. Drift, mechanics and photography lover. Don’t be shy and leave a comment on my articles if you have any questions.