LG is not exactly sure what may be going on over at the Korea Times, but they do know their latest report hinting at an LG partnership with Huawei is nothing but hot air. In a statement released today, LG says “there is no discussion now or in the past with Huawei on any aspects of LG Electronics’ business.” This terse statement came in response to a report in the Korea Times suggesting LG and Huawei may be working on a partnership with at least one of the goals being to help “revive” LG’s smartphone business.
While LG has generally been receiving positive reviews for the devices it released in 2013 like the LG G2 or the Nexus 5, it has continued to struggle in the market to gain share. During the past year LG saw Huawei overtake it in global shipments. However, that lack of market share is attributed to LG’s weakness in the entry-level and lower ends of the market. Coincidentally, that is also the part of the market where Huawei primarily targets their devices. Apparently the analyst cited by the Korea Times thinks LG is feeling the heat and described their smartphone business as “fragile.”
source: The Verge
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