Wednesday, August 4, 2021

Tag: Loss

LG Electronics says it will end production and sales of its loss-making smartphone division

Image credits - John123521 / Wikimedia

Seoul, April 5 (Reuters) - South Korea’s LG Electronics Inc said on Monday it will end production and sales of its loss-making smartphone division. LG had announced in January it was considering all options for the business after logging nearly six years of losses totalling some $4.5 billion. Talks to sell part of the business to Vietnam’s Vingroup fell through ...

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