[Concall] LG Electronics: "LG Velvet, a product with reasonable price and enhanced design... helps improve profitability"
[Asia Economy Reporter Ki-min Lee] LG Electronics stated during the conference call held after the Q1 earnings announcement on the 29th that the upcoming smartphone model LG Velvet, set to be released next month, is "a product with enhanced design at a reasonable price," adding, "We avoided excessive price competition and developed it from the consumer's perspective." They also mentioned, "Compared to the previous model, cost profitability has improved, and since there are plans to launch in advanced markets such as North America and Japan, it is expected to increase sales volume and contribute to profitability improvement."
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This content was produced with the assistance of AI translation services.
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