LG continues to make smartphones

Feb

5

2019

LG continues to make smartphones because other products are related to it

CEO of LG Electronics, Qiao Yujin, has said that his company will not stop making smartphones, because according to him the products of some other LG business units are related to smartphones.

According to Qiao Yujin, this concerns, among other things, the business units that make products for cars and household appliances, GizChina writes . He reports that the products of these parts are ‘related to smartphones’; For this reason, according to the CEO, LG did not consider stepping out of the smart phone sector. He states that LG is in the second year of a restructuring of the smartphone branch and that this operation will continue until next year.

Recently LG published the latest quarterly figures , which showed that the company delivered 16 percent fewer smartphones in the fourth quarter of last year. That was the main reason for the fact that the company had a considerably lower profit. The mobile division has been a problem for LG for years, in contrast to components that make vehicle components and household appliances. This concerns infotainment systems for cars, washing machines and refrigerators. The components that make these products run relatively well, in contrast to the LG part that makes smartphones.

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