LG boosts smartphone market share in N. America to 13.9%
LG Electronics Inc. grabbed a 13.9 percent share of the North American smartphone market in the second quarter, up 1.3 percentage points from the first quarter and 0.3 from last year.
A company official noted that although LG did not release its new smartphone in the second quarter, it increased its market share.
The official observed that LG's V60 ThinQ and budget smartphones took Chinese phones' sales in the market.
Chinese brands, such as Huawei, Oppo, and Xiaomi, have been losing their market share in North America due to tensions between the United States and China.
LG plans to release its 5G smartphone, the Velvet, in North America.
In the second quarter, LG's mobile business division posted an operating loss of 206.5 billion won, while sales declined 18.9 percent on-year to 1.31 trillion won.
According to Strategy Analytics, Apple Inc. was the topped the smartphone market in North America in the second quarter with a 36.8 percent share, trailed by Samsung Electronics Co. with 27.1 percent.