In the early days of the smartphone, companies like Apple, Samsung, LG, Motorola, Sony, and HTC more or less dominated the field. These days while some of the old guard remain, some of them aren’t doing as well as they used to. Some are reportedly considering pulling out of more markets that they operate in.
It appears that LG could be one of them, or at least that’s according to the rumors in which it was said that LG could be considering exiting the Philippines market. It seems that LG’s mobile business in the country might have already been shuttered, or in the process. The last phone launched was the LG G7 and that the LG V40 did not make it to the market.
LG has yet to officially confirm anything, but considering that last year the company was reported to have exited China, we can’t say that this decision comes as a complete surprise. These days the smartphone market is being flooded with phones from a variety of Chinese OEMs who are making phones that are decidedly more exciting, plus they are also considerably cheaper.
LG isn’t the only one to have been affected by this as companies like Apple, Samsung, and Sony are all feeling the heat.
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