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LG’s Exit to Leave a Hole in the U.S. Smartphone Market

This is a syndicated repost published with the permission of Statista | Infographics. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

While LG’s decision to close its smartphone business probably won’t make a huge difference at the global level, with Chinese manufacturers flooding the market with Android phones at all price levels, the company’s exit definitely will be felt in the United States. In the absence of many Chinese brands, alternatives to Samsung Android phones are hard to come by, explaining why LG’s market share is still considerably higher in the U.S. than it is globally.

According to data from Statista’s Global Consumer Survey, 10 percent of U.S. smartphone users aged 18-64 used an LG phone as their primary handset in 2020, trailing only Apple (44 percent) and Samsung (32 percent) in that respect. With LG out of the picture, it’s likely that Samsung will gain further market share, effectively turning the U.S. smartphone landscape into a duopoly.

This chart shows the most popular smartphone brands in the United States.

Most popular smartphone brands in the US

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