The PSG smartphone business in the US is still relatively new, with only about a third of its global sales figures reported so far.
It is one of the few major smartphone companies to be based in the country, but has struggled to gain traction with consumers.
It’s not all bad news for the company, however, with the iPhone 6S selling more than double as many units in the U.S. as it did in the same period last year.
The company has been hit hard by the ongoing global recession, with revenues down 10% to $5.7 billion in the first quarter, and the stock price down 8% to US$53.65 on Wednesday.
PSG has lost around $400 million in market value this year.
It has not been a particularly good year for the American smartphone market in general, with sales falling from US$18 billion in 2012 to US $11.3 billion in 2014.
The company’s biggest selling smartphone, the LG G4, sold just 8,000 units in its first month, while the iPhone 5S saw its first year-over-year drop in sales to about 7,000.PSG has struggled over the past few quarters to find new growth opportunities.
Its sales of iPhones have slowed down, with Apple reporting a loss of $9.2 billion in fiscal 2017, a decrease of about 14% on the previous year.
