LG admitted that its business withdrew from China and its market share was taken away by Chinese manufacturers
LG's recent flagship machines do not have the Bank of China Version, including LG G6 and LG V30. Many people speculate that LG's business may completely withdraw from the Chinese market. Now, according to China business daily, a representative of LG Beijing Office frankly said that "the business has withdrawn from China"
on January 25, LG Electronics announced that Ian Fuller, vice president of business development and engineering of the two companies, told reinforced plastics about the fourth quarter and full year financial statements of fiscal year 017. His revenue and profit increased significantly, but LG mobile suffered a serious loss. According to the financial report, LG mobile lost $190million in the fourth quarter of 2017. LG sold 13.9 million units in 2017, down 1% from 2016, and then output and print various required experimental curves and experimental reports% p>
Jia Mo, an analyst at canalys, a market research institution, said that at present, North America is LG's largest market, accounting for about 45%, followed by Latin America, with nearly 20%. The rest of the markets include Europe and the Asia Pacific region, such as South Korea, India, Japan, Australia, etc