LG's smartphone business is expected to post yet another huge loss in Q3 2018

LG G7 ThinQ

For years now, LG’s smartphone business has been posting loss after loss and, unsurprisingly, this trend looks set to continue into the current quarter with yet another big negative number.

To be precise, the South Korean company’s mobile division is now expected to post a loss of 600 billion yuan, or just under $533 million, during the third quarter of 2018. This is due to low sales and the high marketing costs that are associated with the business. On a more positive note, the company expects operating costs to drop ...

Source PhoneArena https://ift.tt/2MHV7bl
via Seoandserver