Both Sony and LG sold Much fewer Mobiles last quarter than they did the Past calendar year, based on earnings releases by the two businesses. LG reported that sales from its smartphone division dropped by 21 percent compared to the exact same quarter the prior year, while Sony’s dropped by almost 30 percent.
LG blames”slow sales of 4G premium models and extreme market competition in Mass-tier products” which dragged down its results despite the launching of its first 5G phone, the LG V50. Meanwhile, Sony reduced its yearly forecast for smartphone earnings from 5 million to 4 million units for this calendar year.
These numbers that are declining are particularly concerning given the profile Launches we’ve seen from both firms throughout the reporting period. Sony Released the Xperia 1, a super tall cellphone using a 21:9 aspect ratio screen, and LG had its Flagship for the calendar year, the LG G8, alongside its debut 5G handset. Regrettably for both, LG and Sony Phones underwhelmed us when we reviewed them, and it is not surprising that They have been unable to sell.