LG Electronics seeks mobile spark from new V20 smartphone


South Korea's LG Electronics Inc, reeling from continued losses from its smartphone business, unveiled its new V20 premium smartphone on Wednesday, hoping for a pick-up in the second half. Its mobile division reported a fifth straight quarterly operating loss in April-June as initial production problems and the success of rival Samsung Electronics Co Ltd's Galaxy S7 phones led to disappointing sales for LG's G5 smartphone. The new LG phone will be competing with Apple Inc's new iPhones, but Samsung's recall of the Galaxy Note 7 smartphones may give it some breathing room.



Source link

Leave a Reply