Earlier this month, LG said that it would row back on its smartphone ambitions by abandoning an annual cycle of smartphone launches. Rather than releasing a flagship just because Samsung did, LG would only pump out a handset when it felt that it should. The report speculated that the move was in anticipation of more bad news for LG Mobile when its fourth-quarter financials were published. Now that the figures are out, it's clear that LG's patience for the division has worn thin, since it managed to lose $204.8 million in just three months.
Source: LG (.PDF)
LG's latest financials explain its shift in mobile strategy posted first on https://www.engadget.com
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