to outsource lower-end models, LG shakes up loss-making phone business

SEOUL (Reuters) - LG Electronics said on Monday it had rearranged its cell phone division to expand re-appropriating of its low to mid-end smartphones, which experts said spoke to an endeavor to reduce expenses and rival Chinese adversaries.

LG's portable interchanges business, which has detailed a working misfortune for 22 continuous quarters, has made another administration title for unique plan produce (ODM), a representative for the South Korean organization said.

This alludes to the rethinking of plan and assembling of cell phones, with LG putting its mark on the item.

It has likewise abrogated some exploration and creation positions...continue reading….