Friday, 22 October 2021

Fierce competition may see LG drop smartphone business

by Harry Baldock, Total Telecom
Wednesday 20 January 21

In a letter to staff, CEO Kwon Bong-seok warned of a “change in the direction of the smartphone business operation”

LG has been struggling to maintain a high level of competition in the smartphone space for many years now, reportedly losing around 5 trillion won ($4.5 billion) in this sphere over the last 5 years. Just last year LG took steps to increase its outsourcing for the lower end of its phone production in a bid to boost profits…

LG has been struggling to maintain a high level of competition in the smartphone space for many years now, reportedly losing around 5 trillion won ($4.5 billion) in this sphere over the last 5 years. Just last year LG took steps to increase its outsourcing for the lower end of its phone production in a bid to boost profits…

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