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Samsung and Oppo will vie for smartphone market share to free up after LG leaves
06.04.2021 [12:22],
Vasily Shkodnik

LG recently announced the closure of its smartphone division. According to the report of the Korean edition of MoneyUDN, Samsung and Oppo will now fight for the market share that LG had.

Image source: LG

The reason for LG’s departure was unbearable competition in the segments of flagship and budget smartphones. The first area is virtually entirely owned by Samsung and Apple, while the budget and mid-budget smartphones category is occupied by Chinese brands. LG simply had nowhere to wedge in. In recent months, LG’s management has even tried to sell its mobile business, but no buyer has been found.

On the other hand, even a relatively small 2% share of the global smartphone market, which will be vacated after the closure of LG’s business, is a tasty morsel for all other companies. According to sources MoneyUDN and Trendforce — Samsung and Oppo plan to increase their presence in the markets and expand their business through this. Target markets for both companies are Europe, South Korea and some countries in Southeast Asia.

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