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LG Electronics CEO says no plans to exit smartphone business

Thursday 10 January 2019 | 12:59 CET | News
LG Electronics will retain its loss-making smartphone business as it plays an important role in the company's internet of things (IoT) ecosystem, the company's CEO said at a press conference at CES. Its portfolio in the automotive and home appliance sectors is related to smartphones, so the group does not plan to exit the smartphone business, said Jo Seong-jin, the Korea Times reports from Las Vegas. 

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Categories: Mobile & Wireless
Companies: LG
Countries: World
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EUR 472 million
BBFTTV revenues decrease to EUR 472 million
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