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LG to Outsource Non-Premium Phones

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Dec 8, 2020, 12:00 PM   by Rich Brome

LG is reorganizing its mobile phone division to focus its internal R&D, design, and manufacturing resources exclusively on premium-tier phones. The company will outsource the design and manufacturing of all of its entry-level and mid-tier phones. The move is an attempt to cut costs as it competes with Chinese rivals. LG's mobile communications division has reported an operating loss for the past 22 consecutive quarters.

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