LG posts record profits for 2018, mobile division still losing money

LG is doing great - it just announced a record yearly revenue of $54.4 billion and record profit of $2.4 billion, 10% higher than in 2017. The mobile division is weighing it down, however. LG Mobile had a revenue of $7.08 billion and posted an operating loss of $700 million. The company claims that the division is showing signs of improvement thanks to better control on spending and inefficiencies. This year LG will rely on operator-driven markets (North America and Korea) for stable sales and will push 5G phones and devices with "different form factors" to try and go back in the...

from Ten9Tech
Via Mishraji Technical