LG shakes up loss-making phone business

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LG shakes up loss-making phone business

To outsource lower-end models.

LG Electronics has reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones, which analysts said represented an attempt to cut costs and compete with Chinese rivals. LG's mobile communications business, which has reported an operating loss for 22 ...

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Tags:
hardwarelglowcostoutsourcingsmartphone

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