26-01-2017 15:06 via telecoms.com

It might be time for LG to pack in the mobile business

LG has unveiled the figures for the quarter ending December 31, which begged the question: why is the team bothering with its mobile division?
The team reported healthy revenues of $12.79 billion for the quarter, which was in fact a year-on-year increase of 1.5%, however this has resulted in a loss of just over $30 million. Although this isn’t necessarily a catastrophic loss for the business, it’s a reflection on the success of the last twelve months following 2015’s profitable
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