LG is still wasting money on smartphones, but its losses have 'significantly' narrowed in Q3

LG has been trying many different things over the past couple of years to turn around the fortunes of the company’s unprofitable mobile division, and although that still hasn’t happened, the latest strategic measures employed to stop the financial bleeding have at least managed to narrow the losses “significantly.”

While the Q3 2018 sales results of the LG Mobile Communications Company are down both sequentially and year-on-year, from $1.92 billion during Q2 2018 and $2.48 billion between July and September 2017 to KRW 2.04 trillion ($1.82 billion), the operating loss of the company’s smartphone ...

Source PhoneArena https://ift.tt/2RbNEUE
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