LG's mobile division lost over $850 million in 2019 as sales plunged

LG announced its financial for the fourth quarter of 2019. But, rather disappointingly, its mobile division continued to bleed massive amounts of money and showed very little sign of recovery.

LG tried to reduce costs but losses widened
Smartphones from the South Korean brand generated KRW 1.32 trillion in revenue between October and December. The figure equates to $1.12 billion which, although decent, is down considerably from the $1.41 billion it generated twelve months earlier.
To make matters worse, the declining division also suffered huge losses during the quarter – …

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