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Reports Claims That Competition Makes LG To Reduce Prices Of Its High-End Mmartphones

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There are lots of competition in the smartphone industry which is forcing the South Korean phone maker to reduce prices of its high-end smartphones.

LG

The report claims that data released by South Korea’s top carrier SK Telecom, according to which, the average cost of 17 smartphones manufactured by the country’s number two smartphone vendor was around $150 for customers who opted for SK Telecom’s $51 level subscription plans.

This compares with smartphones manufactured by Samsung which is sold for an average of around $355, and Apple’s iPhones, which sold at an average price of around $735.

LG hasn’t had a great time for months now, its mobile division’s revenues were largely flat, operating profit was down a whopping 99.7%, and smartphone shipments decreased 3% Y-o-Y in the quarter.

 

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