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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  • 30 Jan 2021

I hope they give one last chance to its mobile division before selling it off...by launching the LG Rollable.

And they should price it not more than 2000, and make it available everywhere.

Doing could turn around its mobile division.

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    • Anonymous
    • Lj$
    • 30 Jan 2021

    Roddyz, 30 Jan 2021They don't act like they want to sell phones. For exam... moreWhen nobody is buying, you stop selling to avoid even more money loss.
    That is how business works.

      They don't act like they want to sell phones. For example they didn't bring any flagships to Turkey since V30 when every other company did. WHY?! You can't make money if you don't sell anything lol.

        • ?
        • Anonymous
        • pN4
        • 30 Jan 2021

        They can very easily succeed if they want to. Be the brand that makes repairs easy and parts accessible. Also, monthly security updates and Android updates, without custom features, should be doable.

        Those are the problems I have with the brand...and those commercials showing exploding batteries because they aren't made by LG..

          • ?
          • Anonymous
          • mIm
          • 30 Jan 2021

          LG G2 was a great phone. Everything went downhill after that.

            Are they even *really* trying ? I'm not so sure tbh ...

              they need more of the velvet line with different specs and reasonable prices.

                • ?
                • Anonymous
                • Lj$
                • 30 Jan 2021

                AnonD-909757, 29 Jan 2021Worse advises ever. LG is already niche, their best bet is... moreDude, some of your points are wrong.

                In my location, only Apple has success selling phones above $600. For years Samsung J5 and J7 were by far best sellers. Waste of time and resources for LG to bring V series here, nobody is gonna buy. Go to locations like Brasil, Colombia, Mexico, India, Thailand etc .. The % of expensive android phones are pretty low. Most that can afford paying $1000 or more buy iphones.

                Doing different stuff is not that simple. It demands tons of money and sometimes ideas never come true because they are not interesting from financial point of view. This is how OEMs lose money, no sales enough to cover money invested.
                Mi Mix Alpha was very bad/dumb idea. Xiaomi canceled because would be failure. About $3000 with nothing useful.
                Xperia Play 2 never came to life because sales would not be enough. Pointless to make very complicated phone to sell maybe 15.000 or less in the end?

                Lower number of devices per year helps to decrease costs. Less R&D money wasted. There is no need for many K series, many Q series. Also those exclusive carrier phones.

                LG needs to be creative. Bring people that work on TVs to better calibrate the mobile screens. Partner with Nikon, Canon or Fuji for any new cam feature. Offer stuff other no longer have like non-hybrid slot, IR beam, be faster with software support.

                Be LG, not anti-Samsung like Samsung acts more like anti-Apple instead of being Samsung.

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                  • Anonymous
                  • PZs
                  • 29 Jan 2021

                  good line-up, not selling in all countries, of course, burning cash ...

                  so does sony ...

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                    • AnonD-909757
                    • pZV
                    • 29 Jan 2021

                    Anonymous, 29 Jan 2021Stop making tons of phones. Focus on 2 phones below $200, ... moreWorse advises ever.
                    LG is already niche, their best bet is to tap on niches, they need to make many DIFFERENT phones rather than making all their phones with the same design.

                    All their phones should be global, allowing to hit EVERY market.

                    And then making a new way to build many variants out of the same base phone, which the main model would follow trends, while allowing for little additional cost and only production line branching (rather than full independent new production line) to make all those variants for a minimal cost.

                    And EVEN if it wasn't the best for LG to make many phones, it is for the customers, the last thing we need is to reduce even further the almost nonexistent different designs and feature sets we have.
                    We need diversity, not a homogenous market with only a single design.

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                      • AnonD-909757
                      • pZV
                      • 29 Jan 2021

                      Is it really that surprising though?
                      LG is a good brand because of how innovative they are sometime, but the rest of the time, their smartphones are ultra boring, punch hole and notches everywhere, you can't be half niche, either you go full Sony (which actually their issues doesn't come from their awesome resistance to put notches and punch holes, but because the brand itself is seen as niche, and is quite expensive) and don't make ALL YOUR DARN PHONES with those stupid things, or you go full mainstream, but you can't just be a niche brand focusing on original things while having 99% of your phones hosting the most hated features that are actually the reason why so much niche users look into your brand to begin with.

                      Basically, if they really made unique but regular phones (think pop up camera, slider, flip up, bezel, second display on the back, no front camera, detachable main camera, etc) without going full LG Wing super niche, they would sell well.
                      But right now, what are they offering that isn't available somewhere else?
                      The V ThinQ series was about neet innovations, but except a secondary display case since the V50 ThinQ, what else than the LG Wing have they done that is special?
                      That's quite easy to understand why they don't make money anymore.
                      It would be like as if a flight simulator that claim to be super realistic only made ultra simplified and arcade planes, it wouldn't be the simmer niche fault if it doesn't sell well.

                      They even went downhill with the LG Velvet trying curved edge display despite the vast majority complaining about that, and at a time when everyone preferred the punch hole over the notch and only choose the latter on budget phones, they made an expensive one (Velvet) with a notch...
                      OF COURSE you aren't gonna sell well...

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                        • Anonymous
                        • Lj$
                        • 29 Jan 2021

                        Stop making tons of phones. Focus on 2 phones below $200, 2 phones between $280-400, 2 phones between $520-650 and 2 phones above $880.

                        Focus on midrange in poor countries. Ppl there only buy Apple or Samsung if they decide to buy expensive device.

                        Keep phones like Velvet, Wing and V for North America and few other markets where higher price phones are easier to sell.

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