Company executive, in the context of the exhibition CES 2020 in Las Vegas, promised that the mobile segment will be able to recover by the end 2021.
ΤLG's mobile division has seen a huge huge drop in market share.
LG CEO Kwon Bong-seok has revealed that they intend to expand their line of phones with regular releases, which will also have the necessary elements, which will excite consumers. He did not mention specific devices, but neither what these impressive elements will be. It just confirmed their ambition to be more competitive in the already saturated space of smartphones.
The latest information indicates that sales of LG mobile phones fell by 25% compared to last year, although the company reduced its operating costs by half during the third quarter of 2019. LG relies heavily on its domestic market , South Korea, where their 5G products record excellent sales.
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