LG announced its mobile division will be closed this year since it cannot turn profitable in the current market. However, the company's report confirms all other branches have posted a yearly increase in sales, bringing the total revenue to KRW18.8 trillion - the most LG has ever recorded between January and March. Mobile Divison Performance Q1 2021 Q4 2020 QoQ Change Q1 2020 YoY Change Sales in KRW / USD 998.7B / 901M 1,385B / 1.24B -27.9% 998.6B / 901M 0% Profit in KRW / USD -280B / -252M ...
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LG reports impressive Q1 results as mobile division heads for the exit
![LG reports impressive Q1 results as mobile division heads for the exit]()
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April 29, 2021
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