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Technology

Samsung set to gain from LG's smartphone market exit

Android OS, wide lineup likely to help attract South Korean rival's US customers

Analysts say that Samsung Electronics is well placed to pick up customers in the U.S. market after rival LG Electronics announced it is abandoning its smartphone operations after years of losses. (Source photos by AP and Getty Images) 

SEOUL -- Samsung Electronics stands to be a winner -- though not the sole one -- in the key U.S. smartphone market after LG Electronics' decision to stop making and selling the devices, analysts say, citing advantages including use of the same operating system and diverse product lineup.

LG announced on Monday that it will wind down its smartphone operations by the end of July after years of mounting losses. The Seoul-based company will instead focus on sectors including artificial intelligence, robotics and 6G telecommunications technology along with its mainstay home appliances and televisions.

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