LG Electronics to cut expenses massively to stay competitive
South Korean consumer electronics giant LG Electronics has announced that they are working on plans to cut $2.2 billion in costs.
LG also said that they expect around a 20 percent sales decline in dollar terms this year mainly due to struggling economy.
The company however said that [...]

LG Electronics posts a 4th quarter net loss
South Korean tech giant LG Electronics has also posted a 4th quarter net loss.
The company suffered from slowing down sales of TVs. LG also had to pay a hefty price-fixing fine put on their LG Display division.
LG has posted a loss of 671.3 billion won in [...]

Motorola just manages to stay third largest mobile phone company
Motorola used to be the second largest mobile phone company in the world till just few months ago.
Then Samsung overtook them to become the second largest player.
Now, LG is closing in as Motorola has just managed to retain the third spot in the latest reports.
Nokia [...]

LG Electronics gains on mobile phone sales
LG Electronics has said that they have posted a net profit in the first quarter mostly due to impressive sales of their mobile phones.
The company had posted a loss in the same period previous year.
LG also gained from its investments in the LG Display market.
The company earned 422 billion [...]

Apple now in top 10 mobile phone maker in the world
Apple might have launched just one mobile phone model but they have still managed to enter the world’s top 10 mobile phone maker list.
Market research firm Gartner said in a statement that the worldwide sales of mobile phones surpassed 1.15 billion units in 2007.
Apple was [...]

LG aiming to launch 20 new models next year
LG Electronics India has said that they are going to expand their presence in the Indian mobile phone market.
They are aiming to launch around 20 new models in India in 2008. Indian market is largely dominated by Nokia and Motorola.
LG is already a dominating player in the [...]

LG Electronics gains from improved mobile phone sales
LG Electronics like Samsung has gained in their latest revenue reports due to improved mobile phone sales.
The company posted that their third-quarter net profit surged nearly 15-fold. LG also gained from impressive performance by its flat panel joint venture LG.Philips LCD Co.
LG said that their earnings touched [...]