Interesting news has recently emerged about the fate of the LG mobile device unit. The device’s inability to prevent damage makes this interesting news a bit more understandable. The South Korean tech giant’s mobile unit completed 2020 with an operating loss of 841.20 billion won.
The unit’s loss in the fourth quarter of 2020 was 248.5 billion won. For example, the LG mobile devices division closed a quarter with a loss for the 23rd time in a row. There are some analyzes related to the result in the financial reporting.
Accordingly, the main problem is that LG’s flagship phone sales are not at the desired level. Problems with the purchase of 4G processors are also mentioned as one of the most important factors.
While the financial statement isn’t very good, LG hasn’t given up on its mobile device unit. The company believes that with the proliferation of 5G devices, smartphone sales will return to pre-pandemic levels. The report stated that LG’s evaluation process regarding the future of the mobile device unit is continuing and the direction to follow will be disclosed when it is decided.