Monday, 7 December 2020

LG announces desperate move in latest attempt to save its smartphone business

Stop us if you've heard this one before. , LG is looking to "reorganize" its long-struggling mobile phone division in yet another attempt to enhance its profitability (or rather find the right angle to actually turn a profit for a change).

What's different about this latest strategic change compared to the umpteen similar announcements in the past is that LG plans to put its money where its mouth is for once. Or rather keep some of the money it used to throw out the window on largely unsuccessful and completely unprofitable "low to mid-end smartphones."

While ...

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