Friday, April 26, 2024

LG’s smartphones are no longer hurting the company

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Its a testament to how topsy-turvy the mobile world is that a company can make its seventh successive quarterly loss and still feel good. Thats because LGs mobile division, which managed to burn almost 500 billion Korean won in the last three months of 2016, has managed to stem the flow of blood from its neck. In fact, in the first quarter of 2017, the division managed to lose just 200 million Korean won, or $176,206.
The fact that LGs smartphone division now almost breaks…
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