SEUL, Corea del Sur – The LG electronics manufacturer is abandoning its cellular shortage business to focus on electric, robotics, artificial intelligence and other products and services, according to the Korean company.
The LG junction approves the strategy change and the company hopes to abandon the cellular deal for the July finals, according to the corporate communiqué.
LG claims to be the third largest cellular manufacturer in the world, having lost market share to other Chinese competitors and other companies.
Following is the third-largest manufacturer in the North American sector, with a market share of 13%, followed by 39% of Apple and 30% of Samsung and the third quarter of 2020, according to Counterpoint Technology Market Research.
The company indicated that it was analyzing its strategy, with an increase of 5% on its sales in the last quarter of 2020 with respect to the previous year. Sondeverbod, the profitability of cayo is increased by the sales of its high-end gamma products.
The company indicates that it sells its inventory of cells and that it provides service and support during different periods of time to the items it uses, depending on when it is sold.
The details about employees are decided “at the local level”, given the company.
LG cayeron shares up 2.5%.