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Measures taken by LG .. Can you quit the mobile business?  What happened?  |  LG Electronics Considers Closing Mobile Phone Business - Check Details

Measures taken by LG .. Can you quit the mobile business? What happened? | LG Electronics Considers Closing Mobile Phone Business – Check Details

Some mobile business closures

Last January, Kwon Bong-eok, CEO of LG Electronics, said some of the losing companies were on his list. It also said in the statement that it had stopped exchanging phones with specific displays. He also said that it had stopped in the middle of the new planned launch of new smartphones.

What's the score?

What’s the score?

Not only that, the report also said it could share its decision on the mobile phone business with employees next month. Meanwhile, LG Mobile Communications reported revenue of $ 4.66 billion in January.

What's the score?

What’s the score?

Not only that, the report also said it could share its decision on the mobile phone business with employees next month. Meanwhile, LG Mobile Communications reported revenue of $ 4.66 billion in January.

Sales rate

Sales rate

In particular, it reported sales of $ 1.24 billion in the fourth quarter (December 2020). Although it was 4.9% higher compared to the previous December quarter of 2019, it said that sales were down 9.2% compared to the previous quarter due to a shortage of 4G chips and slow international sales.

How to make a profit?

How to make a profit?

In 2020, LG reported revenue of $ 56.45 billion and an operating profit of $ 2.85 billion. This is 31.1% more than in the previous 2019. It said it had seen strong growth due to higher product sales, including its OLED TVs and appliances. However, there are no announcements about his mobile business. Even in the last fourth quarter, sales experienced good growth, especially in December 2020, which increased by 539% compared to December 2019.

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