LG mobile business to be profitable in 2021

LG is one of the best-known brands in the field of telephones, although its mobile division has been accumulating losses for a few years. This stems from the huge drop in sales of the Korean brand, which has lost its position in the market. Although the firm does not throw in the towel and continue to launch models to the market, with various strategies.

LG's mobile business will be profitable in 2021

It seems that the situation has improved, since according to the company itself, this division will be profitable again in 2021. Also, they announce amazing releases in this division.

Profitable again

It is not well known what the brand's plans are for this year, since LG promises surprising models. We have known for a long time that the Korean brand has a folding phone, but they want to wait to see how this market segment evolves before launching anything on the market. It could be that it finally launches this year or next.

What is clear is that there is optimism in the company. They believe that their mobile division will return to the positive path soon, generating profits again. Maybe then the firm is going to be an important player in this market again.

At the end of February the MWC 2020 is held in Barcelona, where LG will surely be there too, presenting at least one new high-end phone. We will be watching for new news about this launch and other new phones that the Korean manufacturer is going to launch this year.

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