LG has reportedly pulled its smartphone division from the Chinese market. According to a source, the company has ceased selling mobile devices within the country; although there has been no official indication of the South Korean company’s plans.
A reporter from China Business allegedly visited the LG office, where the information was supposedly shared. We are hesitant to call the information confirmed at the moment; seeing that there is only one source being cited.
That said, it isn’t too difficult to believe that LG is cuttings its losses. The Chinese market is incredibly competitive and the last LG phone was released there in 2016. LG has struggled to deliver its devices to some regions within a reasonable time frame, as we here in Malaysia have come to experience.
LG is not exactly scrapping for cash either. It’s other divisions have been turning a steady profit. A situation that is rather unfortunate considering that it has finally been catching up with the competition through the release of the LG V30.