TweakTown
Tech content trusted by users in North America and around the world
6,006 Reviews & Articles | 38,757 News Posts

LG sees slump in sales of its G2 smartphone, blames the Nexus 5

LG manufacturing the Nexus 5 for Google was bad for its G2 sales (KRX:066575)

| Business, Financial & Legal News | Posted: Dec 28, 2013 1:32 pm

LG's superstar G2 smartphone may be the current speed king, but it hasn't sold well for the South Korean company. According to DigiTimes' sources, it is because of the Nexus 5 that the G2 didn't sell too well.

 

TweakTown image news/3/4/34545_01_lg_sees_slump_in_sales_of_its_g2_smartphone_blames_the_nexus_5.jpg

 

LG manufactured the Nexus 5 for Google, which seems to have cannibalized its G2 sales, with DigiTimes' sources stating: "The release of the G2 was too close to the launch of the Nexus 5, which affected sales momentum of LG's own flagship model." The South Korean giant had expected to sell 10 million of its G2 smartphones, but only managed to sell just over two million units for the year.

 

I actually pointed this out in my review of the G2, where I said: "The Nexus 5 is one of the best specced devices on the market, at an absolute competitor-crushing price of just $349, and this in turn creates a huge problem for LG. Which phone do you buy? The utterly ridiculously priced Nexus 5? Or the G2, which is double the price?"

NEWS SOURCES:Digitimes.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases