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LG ready to throw in towel on PC market, due to sliding sales

LG Electronics will leave the PC industry as the company (KRX:066575)

| Laptops News | Posted: Jan 6, 2014 11:55 am

Consumer electronics company LG is reportedly preparing to exit the PC market, so the South Korean company can focus on tablets, smartphones, and other mobile products. Leaving behind PCs will give LG the ability to focus on product development for other consumer products, including the company's increasing home entertainment business.

 

TweakTown image news/3/4/34633_010520149999_lg_ready_to_throw_in_towel_on_pc_market_due_to_sliding_sales.jpg

 

"The market for conventional PCs has been losing its luster as smartphones and tablets are replacing the products," an LG official told The Korea Times. "We are reviewing various options in a bid to improve the profitability of our computing business."

 

To make matters worse, Microsoft Windows 8/8.1 has left users relatively unimpressed, which makes it even harder to woo users to upgrade their machines. PC industry leaders Lenovo and Hewlett-Packard are involved in a close battle, while other companies are weighing their options for the turbulent market - Dell, for example, is rebuilding relationships with vendors while Acer, ASUS, and other companies strategize.

NEWS SOURCE
Koreatimes.co.kr

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