Home › News ›

LG to Trim Expenses by $2.2 Billion

Feb 9, 2009, 11:01 PM by Eric M. Zeman

In response to the current economic situation, LG Electronics said that it is looking for ways to reduce expenses. Rather than consider layoffs or slashing capital expenditures, it hopes to save about $2.2 billion by reducing manufacturing costs and trimming unnecessary expenses. LG Electronics, parent company of LG Mobile, said that the company will invest in products that have potential for growth in the future, such as solar power. LG did not say that it would slow down plans to roll out new products, such as its mobile phones.

Wall Street Journal »

Related

iPhone 15 Series Goes All-In on USB-C and Dynamic Island

Sep 12, 2023
Apple has revealed the iPhone 15 series, which moves to a USB-C connector and brings several key features from last year's Pro models to the more-affordable standard models. These include the pill-shaped sensor cutout in the display that Apple calls Dynamic Island, a brighter display that can reach 2000 nits, a 48 megapixel main camera, and the A16 Bionic processor chip.

Two New Snapdragon Chips Will Power 2022's High-end Phones

May 20, 2022
Qualcomm has taken the wraps off the Snapdragon 8+ Gen 1 and Snapdragon 7 Gen 1. The Snapdragon 8+ Gen 1 is, as its name implies, a turbo-charged version of the existing Snapdragon 8 Gen 1 flagship chip.

Qualcomm Intros Snapdragon Chips for 2023's Mid-Range & Affordable 5G Phones

Sep 6, 2022
Qualcomm has just announced the two chips that will power a great number of entry-level and mid-range Android phones in 2023: the Snapdragon 4 Gen 1 and Snapdragon 6 Gen 1. Both chips integrate a 5G modem and include upgraded performance as well as new features compared to the chips they replace.

App Archiving Coming to Android

Mar 9, 2022
Later this year, Android will gain the ability to "archive" apps, a new action that remove around 60% of an app while preserving user data. The goal is to let users free up storage space, but help developers "prevent unnecessary uninstalls".

Gabb Refines its Kids Watch

Sep 6, 2023
Gabb has announced its newest watch for kids, the Gabb Watch 3. The new model offers significant upgrades from the Watch 2, including full text messaging (via voice or keyboard), wireless charging, and Bluetooth pairing (to the parent's phone).

Comments

This forum is closed.

This forum is closed.

sechler411

Feb 10, 2009, 11:33 AM

Props to LG...

for trying to find other ways to reduce expenses, instead of laying off half off your employees.. i applaud you LG

Page 1 of 1