Monday, June 18, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
CCIX Consortium Base Specification 1.0 Allows Companies to Deliver CCIX Production Devices
YouTube Music and YouTube Premium Launch in More Countries
HPE Says Astra is The World's largest Arm-based Supercomputer
Garmin fēnix 5 Plus GPS Sportswatch Adds Maps, Music, Garmin Pay and Wrist-based Pulse Ox
Google Uses Deep Learning to Predict When a Patient Will Die
Volvo Penta Unveils Self-docking Yacht Technology
iOS 12 Will Automatically Share Your Location with The Police
Google to Invest $550 Million in China E-Commerce Site JD
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > LG May ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 11, 2018
LG May Shift Strategy on Smartphone Business


LG Electronics' chief said during CES 2018 it will no longer regularly launch smartphones as it has done over the past years, in a strategic move to help its struggling smartphone business.

"We will unveil new smartphones when it is needed. But we will not launch it just because other rivals do," said LG Electronics Vice Chairman Cho Sung-jin on Wednesday during a press conference at the Consumer Electronics Show in Las Vegas. He was responding to a question on when the firm would launch its new flagship smartphone LG G7.

"We plan to retain existing models longer by, for instance, unveiling more variant models of the G series or V series," Cho said.

A separate report from South Korea claimed that LG was dumping the G brand and will not name its first flagship phone this year as the G7.

The CEO said the company considered the G6 and V30 well done products and will continue to push "good platforms" like those products.

The South Korean giant currently launches the G brand in the first half and V brand in the second every year, but its mobile business has posted 10-straight quarters.

As for why the strategy on smartphones will be changed, the chief said, "We found it is important to retain a good platform for a long (time) and concerns rise over the supply of lithium materials."

The announcement appears to reflect the firm's scale-down of its phone business amid slow growth in the global smartphone market in contrast to the firm's appliances and other sectors.

LG's mobile communications unit is estimated to report a financial loss for the 11th straight quarter in the October-December period last year.



Previous
Next
AI-Powered Honor View10 Coming Overseas        All News        Enmotus FuzeDrive Accelerates Your AMD Ryzen System
AI-Powered Honor View10 Coming Overseas     Mobiles News      Samsung Confirmed February Launch of Galaxy S9

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung and LG Eye Expansions into the Car Display Market
LG Q Stylus Smartphone Launching this Month
LG CINEBEAM 4K Laser Projector Retails for $3,000
LG's New AI Integrated G7 ThinQ Smartphone Now Available In The U.S.
LG XBOOM Go speakers Feature Meridian Audio's Tech
LG V35 THINQ Brings Faster Processor, Camera, AI Features and DTS:X
LG Display Develops AI Technology to Reduce VR Latency
LG Q7 Smartphone Comes With New Cameras, AI, Hi-Fi Audio, IP68 Rating and Fingerprint Sensor
LG Display Denies Google Investment Report
LG Officially Unveils G7 ThinQ With AI Features
LG G7 Smartphone to Come with Powerful Boombox Speaker
LG Electronics Operating Profit up in Q1 on Sales of Home Appliances and TVs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .