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Tag: production

LG Electronics says this might occasionally end manufacturing and sales of its loss-making smartphone division

LG Electronics says this might occasionally end manufacturing and sales of its loss-making smartphone division

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SEOUL (Reuters) - South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to glean a buyer, a pass that's made up our minds to kind it the first important smartphone stamp to totally withdraw from the market.Its technique to tug out will leave its 10% fragment in North The usa, where it is the No. 3 stamp, to be gobbled up by Samsung Electronics and Apple Inc with its domestic rival expected to ranking the edge.“In the US, LG has focused mid-priced - if no longer ultra-low - fashions and which strategy Samsung, which has more mid-priced product lines than Apple, will be greater in a spot apart to plan LG customers,” acknowledged Ko Eui-younger, an analyst at Hey Investment & Securities.LG’s smartphone division has logged nearly six years of losses tot...