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…
