LG’s 2020 financial report shows Mobile division is still burning cash

29 January 2021
It remains to be seen how LG will fix its financial struggles.

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  • B
  • Budgetguy
  • y6V
  • 01 Feb 2021

The R&D deparment of LG is way too stupid. Releasing alot of different models with almost the same specs in a year. Why not release a series of different price range smartphones? 1 entry level, 1 mid and 1 flagship(G) like any other brands do. And also price it competitively. Imagine, you price Velvet like a flagship with mid range specs? I can get a s10 5g, Google pixel 4 or a ROG phone with that price. smh

    • ?
    • Anonymous
    • kkr
    • 31 Jan 2021

    Anonymous, 29 Jan 2021Stop making tons of phones. Focus on 2 phones below $200, ... moreThank you. These companies produce WAAAAAAAAAAAAY too many devices. It generates extra e-waste and dilutes their after sale support.

      • C
      • Caller ID Screener
      • rRU
      • 31 Jan 2021

      The smart phone industry needing a game changer injection. The original next big game changer phone invention solution is for phone consumer's, advertising community and protecting and securing privacy on phone communication devices. Dream come innovation phone invention that brings phone consumer's and advertising community together as protecting and securing privacy in plam of Consumer's ✋ without disturbing or irritating Consumer's with unwanted robocalls and texts messages.

        • ?
        • Anonymous
        • t7w
        • 31 Jan 2021

        Babun, 30 Jan 2021LG use to be a good phone maker i still have mine LG 4 with... moreAnd also how could I recontract the smartphone in future if there isn’t any LG next gen smartphone as I used to hv LG g7 plus thinq and also I got used to its latest android 10 features from Singapore.

          • J
          • Jwchoo
          • t7w
          • 31 Jan 2021

          Babun, 30 Jan 2021LG use to be a good phone maker i still have mine LG 4 with... moreYes I have message to lg singapore on the Facebook page few times on whether is there any new smartphone launches such as LG velvet and wing. They mentioned to me that there isn’t any info on upcoming smartphone and there isn’t any new stocks with latest models:(

            How the hell do you lose that much money?
            It's not like they're spending anything on timely updates or advertising.
            Do LG's staff just come in and shovel it in to the furnace?
            Ridiculous!

              • ?
              • Anonymous
              • QA8
              • 31 Jan 2021

              LG needs to take the V series and expand on it as a niche phone. That is what it was designed for. Lose the selfie camera, all front bezel remaining should be speaker and radios. Headphone jack upgraded to include balanced. Screen upgraded for size and quality. Rear camera improved maybe with Google's help. Add software improvements in all areas. I would like to see plug and play webcam abilities. Nokia PureView like camera software. Mechanical large lens with actual extending camera. Camera button on side. Copy Asus rog for all ports and buttons. I'm sure there are a ton of items everyone wishes for. Make the V series the customer phone that addresses what the customer asks for.

                • J
                • Jay
                • thf
                • 31 Jan 2021

                Follow the trend in smartphone manufacturing,

                  • a
                  • andrea
                  • pRn
                  • 31 Jan 2021

                  LG's phone is the best option regarding my criteria that are multimedia capabilities (best audio phone, amazing camera ), and SAR ( one of lowest SAR in the market). LG just need to improve 2 things to be the best on the market : the design and the resistance on drop test . if they improve those 2 things , i think they could rise their price up to 30 %, at least.

                    • X
                    • XLR8R
                    • P%0
                    • 31 Jan 2021

                    Anonymous, 31 Jan 2021Na they just don't have compelling phones, both wing a... moreVelvet's competitor is the S10 Lite and not the S20 FE. Actually it competes very well with S10 Lite.

                      • D
                      • AnonD-977150
                      • nEp
                      • 31 Jan 2021

                      I find LG devices hard to find the latest releases anyway.

                        I think LG G6 was a great phone with good design. But LG screwed up the launch. They had 3 variants of it and Europe get the worst one. So they got bad reputation among customers especially in the EU area.
                        After that they realy never recover. And now they not even sell LG phones in my country. So I think it might be to late to save the brand in mobile.

                          • J
                          • Jerrimy
                          • 7As
                          • 31 Jan 2021

                          I've been using lg V series phones for the last 3 I've bought . V30 after 4 years is still perfectly fine after replacing the battery. I'm currently using the V60 and absolutely love it . Best phone in the market for the price. Amazing camera best battery life on the market , great large screen and a headphone jack .
                          Everything is top tier quality and more affordable then Samsung or apple .
                          I really hope lg continues to offer this line of phones .

                            • ?
                            • Anonymous
                            • 7vb
                            • 31 Jan 2021

                            Anonymous, 30 Jan 2021Availability killed thrm ... If they offeref unlocked phone... moreNa they just don't have compelling phones, both wing and velvet using the bargain bin snapdragon 765 while charging a price around galaxy S20 FE is a death sentence.

                              • B
                              • Babun
                              • KSE
                              • 31 Jan 2021

                              I like lg phone but sad hard to buy in my country

                                • T
                                • Tomasz
                                • U2B
                                • 31 Jan 2021

                                Anonymous, 30 Jan 2021Blind Freddy could tell you, Lg's problem is : 1.Ap... moreFrom the perspective of a user of both models LG V20 and V40 I totally agree with all your points you made.
                                As customer currently living in Australia I am deprived of the latest offering the V60.
                                LG you got no one else to blame but yourself for all your dire straits.
                                Siple advise to LG if they wan to turn around their fortunes in smart phone division pls start listening to your customers not some. insanely high paid. execs.

                                  • ?
                                  • Anonymous
                                  • IBx
                                  • 30 Jan 2021

                                  Anonymous, 30 Jan 2021The hardware is good for the price. But when comes to softw... moreAvailability killed thrm ... If they offeref unlocked phones to be shipped worldwide .. Sad

                                    • ?
                                    • Anonymous
                                    • uNY
                                    • 30 Jan 2021

                                    I liked some of lgs phones from the past, but these days they seem to be trying to be different for the sake of being different.
                                    As a consumer that just wants a flagship conventional phone with all the usual bells and whistles , this is getting harder and harder to find .
                                    Apple and Samsung keep trimming features off their phones.
                                    I think LG had a real opportunity to win a lot of customers back , but they keep on bringing out weird devices , and not ever trying to do something positive , for example add another year or two of updates to their phones.
                                    I thought the LG v60 was not a bad phone even if LG cut a few corners in the hardware.
                                    I would have bought one , but they are no longer sold in my country.
                                    I look at the wing thing and wonder how much money they wasted on that thing.
                                    No wonder they are losing money.

                                      • V
                                      • Vinay
                                      • Hkv
                                      • 30 Jan 2021

                                      Just like Samsung they should release the smart phone world wide at ones
                                      At present they treating the European market , American market and Indian market differently,
                                      All high end phones are introduced in India lately by the time they introduce that specification will be out dated

                                        • t
                                        • tech b
                                        • NwF
                                        • 30 Jan 2021

                                        invet phones for global use please...global firmwares to unlock your smartphones..these devices are rusting in some stores in many countries