It’s no secret that both Sony and LG are dealing with struggling mobile divisions. Now, second quarter financial results — posted by both companies — give us a closer look at how much they’re actually struggling.
LG and Sony are claiming 21% and 15% year-over-year decreases, respectively. LG still posted an operating profit, but that’s largely due to other divisions in the company doing extremely well, such as appliances.
Sony’s division is a little more of a cluttered look, because that not only includes smartphones, but cameras and electronics, too. Still, it’s not a good look for any of their “mobile” devices.
It’s no secret that the smartphone market is an extremely competitive space, especially with Samsung and Apple being two of the main competitors in the arena. Not only that, but we’re seeing independent companies like OnePlus and Essential take up market share from other companies, too.
We’re not sure what this means for Sony and LG, but we do know that Sony has essentially re-focused its mobile division to almost exclusively operate in major western markets.
source: Android Police