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In response to a press release launched by LG on Monday, the Korean tech large plans to additional outsource its low to midrange smartphones. The transfer is completed in a bid to additional minimize prices after its disappointing earnings studies which noticed the cellular division working at a loss for twenty second straight quarter.
LG plans to contract unique design producers (ODMs) to supply its funds telephones and has already minimize quite a few tasks for its self-developed entry-level telephones selecting as a substitute to speculate extra into its premium units as a substitute.
Competitors from Chinese language smartphone manufacturers has pressured LG to take this new measure which it hopes will repay by decreasing the R&D prices related to creating its funds telephones alone.
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