We’ve written extensively about LG’s struggling mobile business, which has suffered at the hands of aggressive Chinese Android makers, and now that unit has dragged its parent company into posting its first quarterly loss for two years. The Korean electronics giant is generally in good health — it posted a $2.4 billion profit for 2018 […]
View More Poor smartphones sales drag LG to first quarterly loss in 2 yearsCategory: LG Electronics
LG retains confidence in its mobile business despite continued losses
LG remains confident that it can turn the corner for its serially unprofitable mobile business despite the division racking up a loss of over $400 million this year so far. The Korean company as a whole is having a good year. Following a record six months of profit and revenue in the first half of 2018, the […]
View More LG retains confidence in its mobile business despite continued lossesLG Mobile’s losses continue but now sales are falling too
Korean electronics giant LG is soaring to new heights, but its mobile division continues to lag well behind the rest of the company and the signs aren’t promising. LG’s latest financials released today recorded another quarter of success with operating profit jumping 16 percent year-on-year to hit KRW 771 billion ($715.1 million) as overall sales rose […]
View More LG Mobile’s losses continue but now sales are falling tooLG promises to speed up bringing Android updates to its smartphones
LG is making efforts to improve the user experience on its devices after it opened a “Software Upgrade Center” in its native Korea. The new lab will be focused on “providing customers worldwide with faster, timelier, smartphone operating system and software updates,” the company explained in a brief statement. The idea is to help get […]
View More LG promises to speed up bringing Android updates to its smartphones