[LG Electronics Concall] "Establishing Product Lineup from 5G Premium to Entry-Level This Year"
On the 30th, LG Electronics stated during its Q4 earnings conference call that "In the global 5G market this year, major US mobile carriers are expected to actively build nationwide networks, and Japan is anticipated to make aggressive investments in connection with hosting the Olympics," adding, "We plan to establish an enhanced product lineup of 5G models ranging from premium to entry-level, and supply them differentially considering regional characteristics."
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They also mentioned, "As competition among mobile carriers to secure subscribers intensifies, we expect to somewhat reduce our marketing expenses." Furthermore, they explained, "Through structural improvement efforts such as relocating and integrating production sites that we have been pursuing, we anticipate that cost reduction will also contribute to improving profitability."
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