SEOUL, SOUTH KOREA—LG Electronics Inc. is forecasting lower earnings from its mobile business this quarter and risks from swings in Latin American currencies after posting an unexpected loss in the final three months of 2013.
The latest results from LG Electronics, the world’s second-largest TV maker and a major device supplier, underline how it is being squeezed between Japanese competitors and its bigger South Korean rival, Samsung Electronics Co.
LG is battling Japanese manufacturers such as Sony and Panasonic that are expanding market share in televisions, helped by the weak yen. The company is struggling to make money from the smartphone market where Samsung and Apple Inc. have grabbed the lion’s share of the profits.
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