LG’s CEO says the company’s flagging mobile division will be profitable by 2021, but he didn’t provide any real details about how this would happen. Brian Kwon said during a press conference at the Consumer Electronics Show in Las Vegas that the company would expand its mobile lineup and “steadily release new ones attached with some wow factors to woo consumers,” The Korea Times reported.
But LG has a track record of over promising and under delivering on its mobile devices, or at least delivering on features that aren’t in great demand from consumers. The Verge’s review of the LG G8 ThinQ in April said the phone had many gimmicks, but not enough progress. And while the G8X had a cool-looking dual screen, The Verge’s Sam Byford said in his review that the dual screen was the only real standout new feature on “an otherwise competent but pedestrian device.”
LG has lagged behind other smartphone manufacturers globally in the past several quarters. In Q2 2019, for instance, Samsung had 23 percent market share, followed by Huawei at 18 percent and Apple at 11 percent, but LG was a distant seventh among major manufacturers with just 3 percent of the market share, according to data from IHS.
Last year, LG announced it was relocating its mobile manufacturing facility from its home country of Korea to Vietnam. The company has not unveiled a new phone at the CES, but it’s anticipated that it may unveil its G9 and V50 phones at Mobile World Congress in Barcelona which will be held in Feb 2020.