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

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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...



https://www.gsmarena.com/lg_posts_record_profits_for_2018_mobile_division_still_losing_money-news-35319.php
 
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