The three companies in question are easily guessable: Sony, LG, and HTC. All three have smartphone divisions that have struggled chronically for years, and none have been able to turn their fortunes around. LG is by far the biggest of the trio, and the most able to weather a stormy market. Its core financials are sound, it has vast research and development resources, access to markets globally, and brand recognition among consumers. Sony and HTC are, by comparison, on far more precarious ground. HTC is the most fragile of the three, with its smartphone business withering away before our eyes with each passing quarter. Sony’s fall has been more elongated, but just as damaging – constant downward revisions of shipment and revenue estimates point to a business that is fundamentally failing. So why does 5G finally spell the end for each of them? Frankly, it’s the money.
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