Skip links

LG to stop making smartphones

South Korea’s LG Electronics announced that it is getting out of the smartphone market after years of revenue problems. According to statistics, LG was once the number three smartphone maker after Apple and Samsung but has lost market share over the last six-seven years.

”LG has made the difficult decision to close its mobile phone business to focus on other businesses that will provide new experiences and value for consumers”, the company said on its website.

Today, its global market share is about 2%. It sold 23 million phones last year while South Korean colleague Samsung, according to research firm Counterpoint. Among its best markets are North America and Latin America.

LG will provide service support and software updates for customers of existing mobile products for a period of time which will vary by region, the company announced.


Moonshot News is an independent European news website for all IT, Media and Advertising professionals, powered by women and with a focus on driving the narrative for diversity, inclusion and gender equality in the industry.

Our mission is to provide top and unbiased information for all professionals and to make sure that women get their fair share of voice in the news and in the spotlight!

We produce original content, news articles, a curated calendar of industry events and a database of women IT, Media and Advertising associations.

    Do you want an experienced opinion on a job issue?
    Moonshot Manager is here to answer!

      Moonshot community sharing thoughts and ideas, in a anonymous, safe environment.