LG promises it can fix the mobile division by 2021
LG Mobile hasn't been doing great lately - the division has seen its market share quickly decrease, while its bottom line is in the red. During CES 2020 in Las Vegas, the company chief executive promised the mobile division will manage to turn around by the end of 2021.
Kwon Bong-seok, LG's CEO, revealed the mobile branch will expand the phone lineup and will steadily release new phones, attached with “wow factors to woo consumers”. However, he didn’t mention specific devices or lines, nor hinted what the wow factors might be. He only double confirmed the ambition to boost competitiveness in a really cutthroat smartphone market.
The latest full report from LG revealed the sales of smartphones went down 25% on a yearly basis, although the company managed to halve its operating loss in the third quarter of 2019. LG is heavily relying on its performance on the domestic scene where its 5G products are among the top-sellers.
Reader comments
- Jatin999
- Dk{
Right now the mobile world has pretty much come to a stagnation point, most flagships usually have bezelless screens,glossy glass finish with pretty colors and all the usual stuff like big camera sensors,big batteries,OLED screens etc. I think its ...
- hah
- mGY
Fix mobile division by bringing out android 10 for LG V30 to stop looting earth's resources.
- understatement
- nDU
LG Mobile hasn't been doing great lately ... that is an understatement. Since LG G2 in 2013 LG was on downslope and it still is. I really doubt they have someone with vision to help their problems. All they have to do is build a flagship with ...
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