No rest for LG as their struggles continue
As the struggle of LG continues in the mobile business, LG Electronics said that it lost money for the first time in four years. The company is now depending on the Google’s Android software to save its sales by launching phones running on the new software through 120 carriers worldwide. LG has struggled since a year following its troubles with Smartphone development. LG which is the world’s third largest phone maker posted a profit of $721 million for April-June quarter which is down from same last year which was $1.1 billion.
