LG chief promises mobile sales to improve in Q4 2015

Vince, 01 October, 2015

LG mobile division's chief anticipates the company's sales performance to improve in Q4 2015. Cho Juno told Reuters LG will lean on its latest high-end and mid-range phones to boost market share.

Clearly, the LG V10, which was announced today is going to lead the charge for the traditionally profitable holiday season. The LG Watch Urbane 2nd Edition would also help with its classy looks.

Chu Juno hasn't provided specifics on target sales, but the company has to figure out its razor thin margins first. In Q2 2015, the company saw a 99.7% drop in operating profits.

Additionally, the executive mentioned LG is prepping up a mobile payment service of its own, but has given no further details.

Source


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