Both Sony and LG have sold far fewer smartphones in the past quarter than last year, according to the revenues of the two companies. LG reported that the turnover of his smartphone department fell by 21 percent compared to the same quarter last year, while Sony & # 39; s decreased by almost 30 percent.
LG blames "slow sales of 4G premium models and intense competition in the mass product market" that brought the results down despite the launch of its first 5G phone, the LG V50. Meanwhile, Sony has lowered its annual forecast for the sale of smartphones from 5 million to 4 million units for this year, according to Bloomberg.
These decreasing figures are particularly worrying given the high-profile launches that we have seen during the reporting period of both companies. Sony has released the Xperia 1, a super long phone with an aspect ratio of 21: 9, and this year LG had the flagship, the LG G8, in addition to its debut 5G device. Unfortunately for LG and Sony, both phones did not help us well when we reviewed them, and it is not surprising that they had difficulty selling.