[Concall] LG Electronics "Mobile Business Contracts 9% QoQ Due to Weak Sales and Component Supply Disruptions"

[Asia Economy Reporter Eunmo Koo] LG Electronics stated during the Q4 2020 earnings conference call held on the 29th that "The Mobile Communications (MC) business saw a 9% decline quarter-on-quarter due to sluggish sales of premium products and a shortage of 4G chipsets, despite reduced fixed costs from production site optimization and increased ODM (Original Design Manufacturer) ratio. However, it grew 5% year-on-year."

On this day, Dongmyung Seo, head of MC Management, said, "With the full-scale growth of the 5G market this year, global smartphone demand is expected to recover to pre-COVID-19 levels, but competition among major companies will intensify. We will carefully review the business operation direction by objectively assessing current and future competitiveness, and will disclose the business operation direction once it is decided."

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