To illustrate the depressing trend: at the end of , LG shipped And this past year's last quarter's projected results are Sony's shipments for the same years went from And HTC, not to bore you much longer with numbers, slumped from 1. Is it the end of the road for some phone makers, then?
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LG and Sony are effectively now just using their handset businesses as a way to show off their displays and camera technology, respectively. Of course, it is possible that all or some of these three struggling brands could turn around and produce a hit smartphone tomorrow, but Gleeson says that they simply lack the marketing budget to make it a true success. Sony, for its part, claims that the imminent launch of superfast 5G mobile networks will revive its fortunes. We believe that over the mid- to long-term, the mobile business is an area that we can transform into a sustainable business with growth potential by creating new products and services.
Inevitably, once a company understands that its phone division will never ever generate a profit anymore, it has at one point to stop making phones.
LG Electronics to shut South Korea phone plant, move production to Vietnam - Reuters
This article will be updated once replies are received. For several years, Apple managed to dodge the bullets by growing its iPhone revenue through price increases and by relying on its loyal base of fans.
Still, iPhone unit sales peaked three years ago, in , at m — after which they first dropped to a level of around m, but are now on the slide again. Even its flag bearers — Apple and Samsung — are not immune anymore, with both companies reporting plummeting profits for the last quarter of The South Korean giant estimated its operating profit for the last quarter of at Won The real trouble, however, is beyond struggling Apple and Samsung.
Despite causing a media frenzy at the CES in Las Vegas with its admittedly, pretty cool bendable TV screen, the South Korean tech giant LG Electronics has also reported dramatically lower profits for its smartphone division — a whopping 80 per cent less than during the same time a year earlier.
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To illustrate the depressing trend: at the end of , LG shipped And this past year's last quarter's projected results are Sony's shipments for the same years went from And HTC, not to bore you much longer with numbers, slumped from 1. Is it the end of the road for some phone makers, then?
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LG and Sony are effectively now just using their handset businesses as a way to show off their displays and camera technology, respectively. Of course, it is possible that all or some of these three struggling brands could turn around and produce a hit smartphone tomorrow, but Gleeson says that they simply lack the marketing budget to make it a true success.
LG Electronics to shut South Korea phone plant, move production to Vietnam
Sony, for its part, claims that the imminent launch of superfast 5G mobile networks will revive its fortunes. We believe that over the mid- to long-term, the mobile business is an area that we can transform into a sustainable business with growth potential by creating new products and services. LG G8X ThinQ features an improved user interface with a cleaner design, refreshed icons and tabs such as Dial, Call logs, and Contacts moving to the bottom of the display so that users can get even more done with only one hand.
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