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

This is a syndicated repost courtesy of Statista | Infographics. To view original, click here. Reposted with permission.

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.

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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

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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