LG reportedly pulling out of the Chinese smartphone market
LG Mobile is allegedly set on pulling out of the writing smartphone market, reports in local publications state.
The news comes following the release of LG's 2017 financial results last week. Record-breaking revenue of LG Electronics as a complete may sound good, but the excitable division in particular posted a $192M operating damage for Q4, with 'strong competition from Chinese brands' specifically quoted in the press release.
sinæan brands have proven too tough of a struggle in their home offer, apparently - LG was estimated to have solary just 160,000 units in the unpolished in the entire year 2016 out of an estimated 480 million constitute shipments. The G6 and V30 smartphones haven't been officially afloat in China either. Indeed, it's a bit odd to be greeted by the G5 in the mobile segment of the LG China website. Might as fully
just pull the tampion then.
Source
(in Chinese) | Via
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