LG sticks with smartphones despite $2.5bn in losses

Mobile devices are key to South Korean company's AI and smart home ambitions

20190121 lg smartphones

LG has made a splash with its OLED TVs, but its smartphone business has been bleeding red for years. 

KIM JAEWON, Nikkei staff writer

SEOUL -- It was a moment LG Electronics could be proud of. The South Korean company, long overshadowed by compatriot Samsung Electronics, showed off its 65-inch roll-up TV at this year's CES in Las Vegas, drawing applause from the crowd and proving again its prowess in manufacturing cutting-edge display panels.

But LG's success in high-end TVs stands in sharp contrast to its troubles in the smartphone market, where it struggles to survive amid competition from Apple, Samsung and, increasingly, Chinese players like Huawei Technologies.

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