LG Electronics Inc. grabbed a 13.9 percent share of the North American smartphone market in the second quarter, up 1.3 percentage points from the first quarter and 0.3 from last year.
A company official noted that although LG did not release its new smartphone in the second quarter, it increased its market share.
The official observed that LG's V60 ThinQ and budget smartphones took Chinese phones' sales in the market.
Chinese brands, such as Huawei, Oppo, and Xiaomi, have been losing their market share in North America due to tensions between the United States and China.
LG plans to release its 5G smartphone, the Velvet, in North America.
In the second quarter, LG's mobile business division posted an operating loss of 206.5 billion won, while sales declined 18.9 percent on-year to 1.31 trillion won.
According to Strategy Analytics, Apple Inc. was the topped the smartphone market in North America in the second quarter with a 36.8 percent share, trailed by Samsung Electronics Co. with 27.1 percent.


Standard Chartered Expands Hedge Fund Access for Wealth Clients
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
REPAY Stock Rises After Visa Platform Connect Collaboration
OpenAI Tightens AI Safety Monitoring After Security Incidents
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO
Alphabet Eyes First Australian Dollar Bond as AI Spending Drives Funding Push
Shein Targets $26B-$27B Valuation for Hong Kong IPO
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Hermès Stock Downgraded by RBC as Luxury Growth Premium Narrows
Moderna Short Sellers Hit With $4.8 Billion Loss as Stock Soars
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 



