LG Has Officially Called It Quits On The Chinese Smartphone Market

I'm not munching on words when I say LG is struggling to hold its ain in the smartphone market place at the moment. And it has go evident from its recent actions, that the Korean behemothic is finally looking to streamline its mobile business.

LG Electronics has already announced that it doesn't plan on refreshing its flagship lineup annually. But, another huge blow for the consumers comes in the course of an official exit from i of the biggest smartphone markets, China. Yes, this is surprising but true.

The South Korean giant is exiting the Chinese smartphone market, according to Sohu (translated).

But, some of you can debate that it isn't really surprising because LG hasn't been paying a lot of attention to the Chinese smartphone marketplace, to brainstorm with. The last device that it launched in the land was a 'downgraded LG G6 SE' dorsum in mid-2016. It didn't fifty-fifty release a single device in China in 2017, and just recently stopped selling the G6 SE.

The reports of LG quitting the Chinese smartphone market have been making rounds of the Internet since mid-Jan, simply the same has now been confirmed past a company executive from the Beijing office itself. He told a reporter from China Business concern news that:

LG mobile telephone business concern has quit Red china.

This decision could be in direct relation to the deteriorating financial status of LG'south mobile business, which made simply recently some profit for the kickoff time in the past iii years. Its mobile business was deep down in the ruby for 11 simultaneous quarters. And it has been struggling not simply in China but across the world, cheers to competition from the leading make like Samsung and Apple.

As for the Dragon's state, the rise of Chinese phone brands similar Xiaomi, Huawei, Vivo, and Oppo are the prominent reason for the downfall of LG. They've managed to take over the Chinese telephone market, with their feature-packed budget-friendly devices. This is 1 of the primary reasons for the visitor's dorsum out from the country, who wasn't able to bring its phones and timely refreshes to the marketplace.

As for what happens next, there is no discussion from LG on the same. The Korean giant is simply pulling out from the mobile market and all of its other units volition continue to maintain all its operations in Red china. We're now keeping our peeled for what LG has in store for us at MWC afterwards this calendar month. What are you expecting to see from the Korean giant? LG G7 or a refresh for existing phones? Let united states of america know your opinions in the comments below.