LG may withdraw from the smartphone market of China
As DigiTimes reports, citing Korean News source Daum, LG Electronics will release its flagship smartphone LG G6 in China.
Because of the great loss the Korean manufacturer might completely abandon the smartphone market of China. According to Strategy Analytics, last year, LG Electronics took only 0,1% of the Chinese smartphone market.
As for the LG G6, the manufacturer will focus on other key markets including the US, Europe and Korea. The source adds that in the US, LG managed to increase its market share from 14.9% in 2015 to 15.5% in 2016.
In addition, LG holds the fourth place in Central and South America with a market share of 9.3%.