FILE PHOTO: Visitors use their mobile phones next to LG booth during the Mobile World Congress in Barcelona, Spain, February 27, 2019. REUTERS/Rafael Marchante/File photo
SEOUL (Reuters) - South Korea's LG Electronics said on Wednesday it was considering all options for its loss-making mobile division, which analysts said could include shutting its smartphone business or selling off parts of the unit.
LG said in a statement that 23 consecutive quarters of losses in its mobile business had totalled around 5 trillion won ($4.5 billion) amid stiff competition.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
