LG continues to be clinging to its dying smartphone enterprise. The corporate’s new CEO, Kwon Bong-seok, (who was appointed simply final month!) promised a return to profitability for LG’s cell division by 2021. From a report: “LG Electronics’ cell enterprise goes to be worthwhile by 2021,” Kwon instructed The Korea Occasions. “I can say we are able to make that occur as LG Electronics will develop our cell lineup and steadily launch new ones hooked up with some wow elements to woo shoppers.” Kwon did not share many particulars on how he plans to resurrect LG’s smartphone enterprise, which has misplaced cash for one thing like 14 quarters in a row now. When requested by the Korea Occasions, the positioning stated Kwon “solely reiterated LG Electronics’ plan to develop the cellphone lineup.” LG offered 19 cellphone fashions every in 2019 and 2018, in accordance with GSM Area’s database. In 2014, the final time LG Cell reliably turned a revenue, the corporate produced 44 cellphone fashions — is that this correlation or causation?
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