Episode Details

The Demise Of LGHow An Electronics Juggernaut Was Overthrown Earn Cash Back On Stocks: Up To $5,000 Per Yearhttps://www.silomarkets.com/logicWe all know LG as the appliance and TV company and there’s no doubt that they make great appliances and TVs. But, this success didn’t quite carry over to their smartphone lineup as LG was forced to exit the smartphone space completely in early 2021. At first, you may be inclined to think that this failure might’ve been caused by a late entry or a lack of innovation, but neither of these assumptions is true. In fact, LG was the first company in the world to produce a capacitive touchscreen phone even before Apple. Also, they were constantly experimenting with odd tech like modular smartphones, dualscreen smartphones, and swivel smartphones. The real reason behind LG’s downfall is a lack of strong marketing and branding. They basically approached smartphones like they would approach a dishwasher or dryer. Aside from poor branding, LG’s constant experimentation made them known as the manufacturer with the gimmicks which ended up doing more harm than good. And near the end, LG got so focused on trying to garner more sales that they stopped supporting their existing customer base which put the nail in their coffin. This video explains the top reasons for LG’s downfall within the smartphone space and what happened to LG smartphones. Earn Interest From The Government & Top Corporations:(iOS App for US Residents)https://www.silomarkets.com/waitinglistpageFree Weekly Newsletter With Insiders:https://logicallyanswered.co/Socials:https://www.instagram.com/hariharan.jayakumar/Discord Community: https://discord.gg/SJUNWNtTimestamps:0:00Smartphone Shutdown2:36NonExistent Marketing5:34Gimmicks8:40Getting Desperate11:23The State Of LGResources:https://pastebin.com/xt9mH2ymDisclaimer:This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research. https://www.silomarkets.com/disclosures Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered. Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/ Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out. ----- Keywords: tech economics, big tech, steve jobs, corporate economics

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