In recent years, LG's mobile business has been experiencing far from its best times. However, the head of the company
What they say
At the CES 2020 Consumer Electronics Show,which ends today in Las Vegas, LG Electronics CEO Brian Kwon made a big announcement. He said that LG is preparing a revolution in the smartphone market.
“Given the change in the range we are preparing, as well as new products that will change the balance of power in the premium class, we think we can make a revolution in 2021.”
Also, the head of LG is confident that next year the company’s mobile division will again become profitable.
In particular, the company is preparing its first folding smartphone. It is unknown when it will be released, but LG does not intend to chase time, sacrificing the quality of the product.
By the way, the fourth quarter of 2019 seems to be the 19th unprofitable quarter in a row for LG's mobile business. More detailed figures are waiting in the full financial report of the company.
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