With the company’s mobile phone division now showing narrowed losses overall, it is thought that LG’s focus on mid-range mobile phones as well as its cost reduction plans have enabled the firm to experience smaller losses.
It was announced that quarterly profit hit $657mn during the July-September quarter and its quarterly revenue rising 1%, which is what the firm predicted.
Following the launch of the new V40 smartphone, it is anticipated that sales will be boosted substantially to help transform LG Electronics into profit.
