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LG Guessed to Withdraw from China’s Mobile Phone Market

Wednesday, December 19th, 2012

LG Guessed to Withdraw from China’s Mobile Phone Market
News from Financial and … – MENAFN.COM:

LG Guessed to Withdraw from China’s Mobile Phone Market

BEIJING, Dec 19, 2012 (Menafn – SinoCast Daily Business Beat via COMTEX) –An insider of LG Electronics Inc. said that the company would withdraw from China’s mobile phone market in 2013.

LG mobile phone business has been sluggish in China since 2010. The company no longer launches new mobile phone models and is clearing its mobile phone stock at present.

LG’s global market share slipped from 10% in 2009 to 3.1% now, according to the data from IDC. The company’s mobile phone business has been declining fiercely in China since October. Besides, the company is reported to have been cutting its mobile phone division and plans to reduce 1,000 sales personnel. Due to the ultra low market share, LG withdrew from China’s air conditioning market in August, becoming another South Korean enterprise quitting this Chinese market after Samsung. continues on Financial and … – MENAFN.COM

… Read the full article
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Danes pay double for LG’s Nexus 4
News from TECH.BLORGE.com:

December 18, 2012

Most of us in the US are used to having our cell phones subsidized by our carrier making it cheaper to get the phone up front.  The majority of the phones cost is paid for over the life of our two year contract. Still no one expects to pay over twice the unsubsidized price of the phone except for Danes interested in purchasing LG’s Nexus 4.

According to Geek.com, purchasing a Nexus 4 in Denmark is going to cost you $ 828. While many phones unsubsidized would cost between $ 500 and $ 700, this phone purchased straight from Google costs only $ 349. So how can Danish carrier Three get away with charging so much? Because you can’t purchase the phone directly from Google if you live in Denmark. That seems to imply that anyone that wants the phone is willing to be fleeced by either the phone carrier or LG, whichever one set that exorbitant price.

… Read the full article

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