LG Mobile reports even higher quarterly losses and lower sales, blames the ‘market’ and ‘Chinese brands’

LG seemed almost unusually optimistic back in April, reporting a smaller operating loss for its long-struggling mobile division than the previous quarter while expecting the 5G-enabled V50 ThinQ to “create positive momentum” in Q2. Technically, the company never said anything about potentially returning to smartphone business profitability, but clearly, the hope was the April – June 2019 results would continue the (semi) positive trend noticed in the January – March timeframe.

Although the V50 ThinQ 5G was deemed an early box-office hit in LG’s homeland, the “Mobile Communications …

Go to Source