LG looking to outsource its budget phones to cut costs
December 8, 2020
According to a statement released by LG on Monday, the Korean tech giant plans to further outsource its low to midrange smartphones. The move is done in a bid to further cut costs after its disappointing earnings reports which saw the mobile division operating at a loss for 22nd straight quarter.
LG plans to contract original design manufacturers (ODMs) to produce its budget phones and has…