12 votes

LG to close mobile phone business worldwide

5 comments

  1. stu2b50
    Link
    This has been going around the news the last few days. LG was one of the OG Android OEMs. Their sales peaked around the LG G3 to G4 period, but steadily declined since then. They also produced the...

    This has been going around the news the last few days. LG was one of the OG Android OEMs. Their sales peaked around the LG G3 to G4 period, but steadily declined since then. They also produced the Nexus 4 and 5 for Google.

    From the G5 onwards, they have pursued a variety of different features to differentiate themselves, from modular phones, to blood vein authentication, to their final 1 and a half screen LG Wing. While some of those stuck in the industry, like the ultrawide camera, unfortunately very few consumers stuck. Their phone division is said to have lost 4.5 billion dollars over the last 5 years.

    They were actually #3 in the US market, although a very distant third from Apple and Samsung, but their worldwide marketshare had slipped to 10th, and sub 1%, by the time of their demise.

    There were a couple of retrospectives posted.

    MKBHD
    Michael Fisher

    3 votes
  2. [2]
    Akir
    Link
    I'm not surprised they are closing their doors to the US market, but I am surprised that they stopped producing globally. I know I stopped watching Korean dramas a while back, but I remember...

    I'm not surprised they are closing their doors to the US market, but I am surprised that they stopped producing globally. I know I stopped watching Korean dramas a while back, but I remember seeing nothing but LG phones in them.

    But yeah, their US offerings were pretty bad. On paper they were great! But they charged way too much money for them, so budget manufacturers constantly won out. And from what I've heard from people who owned them, LG's software was terrible; bootloop issues were very common and they didn't see too many software updates, let alone any major Android updates. Personally speaking, I would have loved to buy some of their phones, especially the ones with the higher quality DACs built into them, but it wasn't worth paying $900 for the otherwise mediocre specs and outdated-on-release software.

    3 votes
    1. stu2b50
      (edited )
      Link Parent
      That was paid advertisement, actually. LG does pretty crappily in the Korean market - the US market, believe it or not, was their best. In Korea, Samsung dominates with a 65% marketshare; then...

      I know I stopped watching Korean dramas a while back, but I remember seeing nothing but LG phones in them.

      That was paid advertisement, actually. LG does pretty crappily in the Korean market - the US market, believe it or not, was their best. In Korea, Samsung dominates with a 65% marketshare; then Apple with 25%. LG is third, but with a measly 6% marketshare.

      In comparison, they had around 10% of the much larger US market.

      edit: actually, this reminds me of one case which LG most definitely did not pay for: in Parasite, the Kim family, the poor one, used LG G3s, whereas the Park family, the rich one, used iPhones.

      4 votes
  3. [2]
    Pistos
    Link
    That's too bad. I've had more than one LG phone over the years, and I liked them. Oh well.

    That's too bad. I've had more than one LG phone over the years, and I liked them. Oh well.

    3 votes
    1. Flashynuff
      Link Parent
      I've only ever had one LG but I picked it specifically because of the headphone jack and audio features, and I liked it a lot more than my previous Samsung. It's really a shame that there's so...

      I've only ever had one LG but I picked it specifically because of the headphone jack and audio features, and I liked it a lot more than my previous Samsung. It's really a shame that there's so little competition in the smartphone market.

      3 votes