- LG is looking a partner for its Budget smartphones.
- The company is outsourcing the budget segment.
- It is to cut the cost.
The South Korea electronics brand LG facing loss in the smartphone market but it’s not gave up and the company has taken different measures to cope up the struggle and to came back into the track.
The company has introduced new 5G enabled smartphones with a new designing language and implement different strategy and that is helping the company to gain profit in the smartphone market.
But that is not helping the company as it continuously facing a loss in the business and wants to gain some profit and that’s why it is looking to outsource its Budget smartphones and that means the company want to reduce the cost of production.
LG has released a statement that reveals the new information and the company is planning to contract the designing manufacturer of the budget oriented Smartphones and also said that the company will cancel the self developed entry level smartphones.
So let’s wait for more information about the same in the coming days and we recommend you to stay tuned with us for more interesting information from the technological world at your fingertips.
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