According to a assertion unveiled by LG on Monday, the Korean tech large plans to further more outsource its small to midrange smartphones. The transfer is carried out in a bid to even more slice charges right after its disappointing earnings reports which noticed the cell division working at a decline for 22nd straight quarter.
LG plans to contract primary style manufacturers (ODMs) to produce its budget phones and has now cut quite a few tasks for its self-made entry-amount telephones picking out instead to invest more into its quality gadgets in its place.
Competition from Chinese smartphone brands has pressured LG to take this new evaluate which it hopes will spend off by reducing the R&D prices related with creating its budget phones by yourself.
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gsmarena.com