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LG Electronics Targets $77 Billion Sales by 2030, Aims to Enter List of Top 10 Global Vehicle Component Firms
LG Electronics said on Wednesday it is targeting $77 billion (roughly Rs. 6,33,791 crore) in sales by 2030 and plans some KRW 50 trillion (roughly Rs. 3,19,007 crore) of investment as the South Korean company announced its future strategy. It plans to become a global top 10 company in vehicle components by more than doubling revenue to KRW 20 trill...
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LG Smartphone Business to Become Profitable by 2021, CEO Suggests
The LG Electronics CEO Kwon Bong-seok spoke to reporters at a CES press conference in Las Vegas, claiming that the dwindling smartphone will become profitable once again. He claimed that this feat will be achieved by 2021.
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LG Replaces CEO, Top Executives After Losses
LG Electronics replaced its CEO and a raft of other top leaders Thursday after net profits slumped more than 30 percent in the third quarter and its smartphone division struggles.
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LG Sees Fourth-Quarter Profit Plunge as Rivals Crowd TV Business
LG Electronics Inc posted its slowest quarterly profit growth in two years on Thursday citing higher marketing costs and tougher competition in the television business.
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LG Electronics Posts Higher Quarterly Profit as Its Mobile Losses Narrow
LG said a focus on sales of mid-range mobile phones and cost-reduction plans contributed to smaller losses in its mobile division.
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LG Reports Jump in Profit as Strong TV Sales Offset Mobile Losses
LG said as healthy sales for its appliances and televisions offset another loss for the mobile division.
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LG Posts Strong Earnings on the Back of Asia, Latin America Sales
LG is South Korea's second-largest electronics firm after Samsung, producing products from mobile phones to TVs and home appliances including air conditioners, washers and refrigerators.
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LG Electronics Posts Drop in Profits on Loss-Making Smartphone Business
LG's mobile division posted an operating loss of KRW 463.4 billion for the third quarter, marking its sixth consecutive quarterly loss.
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LG Electronics Posts Massive Profit Jump Despite Smartphone Sales Slump
Aggressive cost-cutting efforts and falling display panel prices helped boost profit margins, the company said.
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LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices
LG Electronics gave no other details on the quarter's performance, set to be disclosed in full when it formally reports earnings in late April.
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LG Electronics Targets $77 Billion Sales by 2030, Aims to Enter List of Top 10 Global Vehicle Component Firms
LG Electronics said on Wednesday it is targeting $77 billion (roughly Rs. 6,33,791 crore) in sales by 2030 and plans some KRW 50 trillion (roughly Rs. 3,19,007 crore) of investment as the South Korean company announced its future strategy. It plans to become a global top 10 company in vehicle components by more than doubling revenue to KRW 20 trill...
-
LG Smartphone Business to Become Profitable by 2021, CEO Suggests
The LG Electronics CEO Kwon Bong-seok spoke to reporters at a CES press conference in Las Vegas, claiming that the dwindling smartphone will become profitable once again. He claimed that this feat will be achieved by 2021.
-
LG Replaces CEO, Top Executives After Losses
LG Electronics replaced its CEO and a raft of other top leaders Thursday after net profits slumped more than 30 percent in the third quarter and its smartphone division struggles.
-
LG Sees Fourth-Quarter Profit Plunge as Rivals Crowd TV Business
LG Electronics Inc posted its slowest quarterly profit growth in two years on Thursday citing higher marketing costs and tougher competition in the television business.
-
LG Electronics Posts Higher Quarterly Profit as Its Mobile Losses Narrow
LG said a focus on sales of mid-range mobile phones and cost-reduction plans contributed to smaller losses in its mobile division.
-
LG Reports Jump in Profit as Strong TV Sales Offset Mobile Losses
LG said as healthy sales for its appliances and televisions offset another loss for the mobile division.
-
LG Posts Strong Earnings on the Back of Asia, Latin America Sales
LG is South Korea's second-largest electronics firm after Samsung, producing products from mobile phones to TVs and home appliances including air conditioners, washers and refrigerators.
-
LG Electronics Posts Drop in Profits on Loss-Making Smartphone Business
LG's mobile division posted an operating loss of KRW 463.4 billion for the third quarter, marking its sixth consecutive quarterly loss.
-
LG Electronics Posts Massive Profit Jump Despite Smartphone Sales Slump
Aggressive cost-cutting efforts and falling display panel prices helped boost profit margins, the company said.
-
LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices
LG Electronics gave no other details on the quarter's performance, set to be disclosed in full when it formally reports earnings in late April.
