LG's smartphone exit: who stands to gain?

Mock old version LG Electronics' smartphones are displayed at a store in Seoul, South Korea, April 5, 2021. REUTERS/Kim Hong-Ji/Files

(Reuters) - LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said.

LG's U.S. market share currently stands at about 10%, research firms Gartner and Counterpoint estimated, adding it was stronger in markets where it partnered with telecom companies to include its devices as part of a mobile plan.