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 ...
Source: https://www.gsmarena.com/lg_reports_impressive_q1_results_mobile_division_prepares_for_exit-news-48895.php
